Cash flows from operating activities
Net income
Adjustments to reconcile net income to operating cash flow
Income statement items not affecting cash
Changes in current operating assets and liabilities
Income taxes payable decrease
		0
Net cash provided by operating activities		$0

Furniture costing $69,800 is sold at its book value in 2017. Acquisitions of furniture total $54,000 cash, on which no depreciation is necessary because it is acquired at year-end. What is the cash inflow related to the sale of furniture?

Furniture
Beg. bal.	110,500selected answer correct	not attempted
Purchase of assetsselected answer correct	not attempted	69,800selected answer correct	not attempted
not attempted	not attempted	not attempted	not attempted
End. bal.	40,700
Accumulated Depreciation
Beg. bal.	8,400selected answer incorrect	not attempted
not attempted	not attempted	not attempted	not attempted
not attempted	not attempted	not attempted	not attempted
End. bal.	8,400
Cost		not attempted
Accumulated depreciation		not attempted
Book value (Cash received)		$0