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Exercise 12-10A Determining cash flows from Investing activities LO 12-3 [The following information applies to the questions displayed below.) The following accounts and corresponding balances

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Exercise 12-10A Determining cash flows from Investing activities LO 12-3 [The following information applies to the questions displayed below.) The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets Account Title Investment securities Machinery Land Year 2 Year 1 $104,700 $115,400 521.000 425,500 141.100 90.600 Other information drawn from the accounting records: 1. Delsey incurred a $1,050 loss on the sale of investment securities during Year 2 2. Old machinery with a book value of $4,010 (cost of $25,460 minus accumulated depreciation of $21,450) was sold. The income statement showed a gain on the sale of machinery of $4.100. 3. Detsey did not sell land during the year. Exercise 12-10A Parte e. Prepare the investing activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign) DELSEY COMPANY Statement of Cash Flows lavesting Activities) For the Year Ended December 31, Year 2 Cash flows from investing activities Netcash outlow from investing activities

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