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1. Milner Co. sold a machine that cost $79,000 and had a book value of $45,000 for fro m Milner's comparative balance sheets are: 12/31/18
1. Milner Co. sold a machine that cost $79,000 and had a book value of $45,000 for fro m Milner's comparative balance sheets are: 12/31/18 12/31/17 $800,000 $670,000 Machinery Accumulated depreciation 190,000 136,000 What four items should be shown on a statement of cash flows (indirect meth od) from this information? Show your calculations. (4 points) Investing activities - cash inflow from sale of Prop. Plant and Equip. Investing activities - cash outflow from purchase of Prop. Plant and Equip. Operating activities - Depreciation expense Operating activities - Gain or loss on sale of Prop. Plant and Equip
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