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D Question 2 2 pts The Lexington Company had the following selected balances from its December 31, 2018 and December 31, 2019 balance sheets the
D Question 2 2 pts The Lexington Company had the following selected balances from its December 31, 2018 and December 31, 2019 balance sheets the accounts have their normal debit/credit balances. Account Cash Accounts receivable Equipment Accumulated depr.-equip. Short-term notes payable 12/31/119 $ 11,400 21.400 158,000 57,900 14.000 12/31/13 $ 16,500 19,600 167.100 53,200 45,000 Increase Decreased $ (5,100) 100 19.100) 4,700 (31,000) During 2019 the Lexington Company purchased $25,600 of equipment for cash. During 2019 the Lexington Company also sold equipment for cash. The company realized a loss of $6,200 on the sale of equipment. The company's depreciation expense for 2019 was $17.600. What amount should the Lexington Company record as "Proceeds from the sale of Equipment' on its Statement of Cash Flows for the year ended December 31, 2019? Question 3 MacBook Pro
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