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Company reports the following information for 2020. 12/31/2019 (net) Equipment Account Balance = $200 12/31/2020 (net) Equipment Account Balance = $185 Equipment depreciation expense was

Company reports the following information for 2020.

  • 12/31/2019 (net) Equipment Account Balance = $200
  • 12/31/2020 (net) Equipment Account Balance = $185
  • Equipment depreciation expense was $40 for 2020.
  • 49er purchased $60 of Equipment by issuing a note.
  • 49er sold (net) equipment of $95 and reported a loss on the sale for $15.
  • All other equipment related transactions were cash transactions.

Provide the cash purchase and sale of equipment for 2020.

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