COTB MC Qu. 15-69 (Algo) Assume a company sold a... Assume a company sold a piece of equipment that had an original cost of $500,000 and accumulated depreciation of $300,000. The cash proceeds from the sale were $214,000. The gain on the sale was $14,000. In addition, the beginning and ending balances in the company's Property, Plant, and Equipment account were $4,700,000 and $4,600,000, respectively. Based solely on the information provided, the company's net cash provided by (used in) Investing activities would be: Multiple Choice $(172,000) $(114,000). O $(200,000). a O $(186,000). Assume a company had net income of $61,000. It provided the following excerpts from its balance sheet: 12 This Year Last Year $41,000 $57,000 $46,000 $53,000 Current assets: Accounts receivable Inventory Current liabilities: Accounts payable Income taxes payable 0.75 points Skipped $42,000 $14,000 $49,000 $14,000 The company sold a plece of equipment for cash proceeds of $25,000. The original cost of the asset was $85,000 and its accumulated depreciation at the time of sale was $65,000. The company's accumulated depreciation account has beginning and ending balances of $320,000 and $280,000, respectively. Based solely on the Information provided the net cash provided by operating activities would be: eBook References Multiple Choice o $70,000. $75,000 O $82,000 O $72,000