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During the year. Lin Company's equipment account increased from $75,900 to $90,000 as a result of seiling old equipment for $1,900 that had cost $8,800
During the year. Lin Company's equipment account increased from $75,900 to $90,000 as a result of seiling old equipment for $1,900 that had cost $8,800 and a book value of $2,300, and from purchasing new equipment for cash. Prepare the investing activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a-sign (eg,15,000) or in parenthesis (eg,(15,000) ) Cash flows from investing activities: Net casp byinvesting activities
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