December 31, 2017 December 31, 2016 Equipment $490,000 $410,000 Accumulated Depreciation (65,000) (35,000) Book Value $425,000 $375,000 During the year, the company sold equipment for cash that had originally cost $25,000 and had accumulated depreciation of $10,000. The company also recognized a gain on the sale of the equipment of $3,000. Based on this information, determine the amount of proceeds from the sale of equipment that would appear in the investing section of the statement of cash flows.