Determining Cash Flows from Investing Activities Burns Company's 2019 and 2018 balance sheets presented the following data for equipment: Jan. 1 Dec. 31 Equipment $225,000 $275,000 Accumulated depreciation 92,700 128,300 Book value $132,300 $146,700 During the year, equipment costing $35,000 with accumulated depreciation of $30,775 was sold for cash, producing a $4,600 gain. Required: 1. Calculate the amount of depreciation expense. $fill in the blank 1 2. Calculate the amount of cash spent for equipment. $fill in the blank 2 3. Calculate the amount that should be included as a cash inflow from the disposal of equipment. $fill in the blank 3