Emerald Company owned equipment with a book value of $128,500 that was sold during this accounting period for $32300 in cash, and purchased new equipment for cash of $148,800. Emerald Company would record a debit of Multiple Choice $148,800 and a credit of $32,100 to the cash account for a net cash inflow of $116,700. $148,800 and a credit of $96,400 to the cash account for a net cash inflow of $52,400. $32,100 and a credit of $148,800 to the cash account for a net cash outflow of $116,700. $96,400 and a credit of $148,800 to the cash account for a net cash outflow of $52,400