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During 2022. Concord Corporation sold equipment with a book value of $81600 for proceeds of $98600. The company purchased new equipment for $217600 by signing

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During 2022. Concord Corporation sold equipment with a book value of $81600 for proceeds of $98600. The company purchased new equipment for $217600 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. The investing section of the statement of cash flows will report O net cash inflows of $17000. O net cash outflows of $119000. net cash inflows of $98600. O net cash outflows of $200600

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