During the period, Goodwin Company sold equipment at a loss. The following information was provided: Depreciation...

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During the period, Goodwin Company sold equipment at a loss. The following information was provided: Depreciation Expense: $950 Loss on sale of equipment: $2,700 . Beginning balance of Equipment (Gross): $21,500 Ending balance of Equipment (Gross): $10,680 Beginning Accumulated Depreciation: $2,040 Ending Accumulated Depreciation: $1,820 No new equipment was purchased during the year. Calculate the investing cash flow effect related to this sale? $ a positive number and cash outflows as a negative number. 6950 Enter cash inflows as During the period, Goodwin Company sold equipment at a loss. The following information was provided: Depreciation Expense: $950 Loss on sale of equipment: $2,700 . Beginning balance of Equipment (Gross): $21,500 Ending balance of Equipment (Gross): $10,680 Beginning Accumulated Depreciation: $2,040 Ending Accumulated Depreciation: $1,820 No new equipment was purchased during the year. Calculate the investing cash flow effect related to this sale? $ a positive number and cash outflows as a negative number. 6950 Enter cash inflows as