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Classifying a Sale of Equipment-Direct Method Frontier Company sold equipment on June 30 for $30,000. The equipment had been depreciated $1,500 for the first six

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Classifying a Sale of Equipment-Direct Method Frontier Company sold equipment on June 30 for $30,000. The equipment had been depreciated $1,500 for the first six months of the year, which is included in the accumulated depreciation balance of $10,000 on June 30 . The original cost of the equipment was $50,000. indicate the impact of this transaction on the operating, investing, and financing sections of the current year statement of cash flows. The direct method is used to report cash flows from operating activitles. - Note: indicate a subtraction in the statement of cash flows with a negative sign in the Amount column. - Note: if an item is not included in the statement of cash flows, enter a zero (leave blank) in the Amount column and enter "N/A" in the Cash Flow Section column. Please answer all parts of the

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