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Exercise 12-9A Determining cash flows from investing activities LO 12-3 On January 1, Year 1, Bacco Company had a balance of $69,100 in its Delivery

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Exercise 12-9A Determining cash flows from investing activities LO 12-3 On January 1, Year 1, Bacco Company had a balance of $69,100 in its Delivery Equipment account. During Year 1, Bacco purchased delivery equipment that cost $36,500. The balance in the Delivery Equipment account on December 31, Year 1, was $69,791. The Year 1 income statement reported a gain from the sale of equipment for $2,200. On the date of sale, accumulated depreciation on the equipment sold amounted to $14,500. Required a. Determine the original cost of the equipment that was sold during Year 1 st of the equipment b. Determine the amount of cash flow from the sale of delivery equipment that should be shown in the investing activities section of the Year 1 statement of cash flows. Amount of cash flow

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