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During the year, Lin Company's equipment account increased from $77,800 to $94,300 as a result of selling old equipment for $2,200 that had cost
During the year, Lin Company's equipment account increased from $77,800 to $94,300 as a result of selling old equipment for $2,200 that had cost $9,200 and a book value of $3,000, 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 (e.g., -15,000) or in parenthesis (e.g., (15,000).) Cash flows from investing activities: A Net cash by investing activities $
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