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During 2022, Vaughn Manufacturing sold equipment with a book value of $134400 for proceeds of $162400. The company purchased new equipment for $358400 by signing
During 2022, Vaughn Manufacturing sold equipment with a book value of $134400 for proceeds of $162400. The company purchased new equipment for $358400 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 $162400. O net cash outflows of $196000. O net cash inflows of $28000. O net cash outflows of $330400
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