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A machine with a cost of $174,000, accumulated depreclation of $107,000, and current yeer depreclation expense of $28,000 Is sold for $57,600 cash. The amount

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A machine with a cost of $174,000, accumulated depreclation of $107,000, and current yeer depreclation expense of $28,000 Is sold for $57,600 cash. The amount that should be reported as a source of cash under cash flows from Investing activities is: Multiple Choice $57600 $21,400. $28.000 9.400 $49,400 A company estimates that warranty expense will be 2% of sales. The compan warranty expense is: s sales for the current penod are Szao o me current penos entry to reco the Multiple Choice Debit Warranty Expense $580 credit Sales $580 Debit Estimated Warranty Liability $580 credit Warranty Expense $3,840 Debit Estimated Warranty Liability $580 credit Cash $580 No entry is recorded until the items are returned for warranty repairs Debit Warranity Expense $580 credit Estimated Warranty Liability $580

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