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2. Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet:
2. Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the comparative balance sheet: Cash Accounts receivable | Inventory PP&E, net Total assets 2014 2013 Increase/decrease $ 21,000 $ 18,000 $ 3,000 31,000 35,000 (4,000) 53,000 25,000 28,000 120,000 90,000 (30,000 $225,000 $168,000 $57,000 Additional information provided: Equipment costing $52,000 was purchased for cash. Equipment with a net asset value of $10,000 was sold for $14,000. Depreciation expense of $12,000 was recorded during the year. What was the net amount of Cash from investing activities
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