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Donna Co. sold a machine that cost $79,800 and had a book value of $44,400 for $48,000. Data from Donna's comparative balance sheets are: 12/31/21
Donna Co. sold a machine that cost $79,800 and had a book value of $44,400 for $48,000. Data from Donna's comparative balance sheets are: 12/31/21 12/31/20 Machinery $798,000 $666,500 Accumulated depreciation 184.000 135,000 Complete the cash flow statement below. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Donna Co. Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2021 Cash flows from operating activities Depreciation Expense $ Gain on Sale of Machinery Cash flows from investing activities Purchase of Machinery Sale of Machinery
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