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Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation 15,900 Investment (long-term) 38,000 12,500

image text in transcribed Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation 15,900 Investment (long-term) 38,000 12,500 50,000 In addition, Orlando sold furniture costing $16,500 with accumulated depreciation of $9,075 for $8,610. Orlando also reported a $1,200 gain on the sale of long- term investments. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). -12,900 X Feedback Check My Work Set up T-accounts to determine activity in the furniture account. Recreate the journal entry to determine the cash flow related to the long-term investment account

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