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A machine with a cost of $154,000, accumulated depreciation of $97,000, and current year depreciation expense of $23,000 is sold for $49,600 cash. The amount

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A machine with a cost of $154,000, accumulated depreciation of $97,000, and current year depreciation expense of $23,000 is sold for $49,600 cash. The amount that should be reported as a source of cash under cash flows from investing activities is: Multiple Choice $47,400. $7400. $7,400. $23,000. $24,400. $49,600

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