Ex $21-17$ Investing Activities and Depreciable Assets

LO $21\mathrm{.}3,$ LO $21\mathrm{.}5$ Verlando Company had the following account balances and information available for $2019$:

During $2019,$ Verlando recorded the following transactions affecting these accounts:

n$.$ Land with a carrying value of $$35,000$ was sold at a loss of $$6,000.$

o$.$ Land and equipment were purchased with cash during the period.

p$.$ Equipment with an original cost of $$20,000$ that had a book value of $$4,000$ was written off as obsolete.

q$.$ A building with an original cost of $$60,000$ and accumulated depreciation of $$25,000$ was sold at a $$23,000$ gain.

r$.$ Depreciation expense and amortization expense were recorded.

s$.$ Net income for the year was $$60,000.$

t$.$ A patent was acquired during the year in exchange for $1,200$ shares of common stock with a par value of $$1$ per share and a market value of $$26$ per share.

u$.$ Additional marketable securities were purchased during the year.

v$.$ Verlando Company has no notes payable in the liabilities section of its balance sheet.

Required:

$3.$ Next Level: Assuming that Verlander uses the indirect method to determine operating cash flows, what is the depreciation expense and amortization expense that would be added back to net income?