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12) Maine Company sold a plant asset during 2021. The original cost of the plant asset was $500,000 and the accumulated depreciation at date of

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12) Maine Company sold a plant asset during 2021. The original cost of the plant asset was $500,000 and the accumulated depreciation at date of sale was $350,000. The proceeds from the sale of the plant asset were $70,000. The effect of the sale of this asset on the operating activities section is? 13) Jersey Corporation had net income for 2021 of $3,500,000. Additional information is as follows: Depreciation of plant assets $600,000 Amortization of intangibles 200,000 Increase in accounts receivable 52,000 Decrease in accounts payable 240,000 Jersey's net cash provided (used) by operating activities for 2021 was

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