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Exercise 14-10A (Algo) Determining cash flows from investing activities LO 14-3 The following accounts and corresponding balances were drawn from Rundle Company's Year 2 and

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image text in transcribed Exercise 14-10A (Algo) Determining cash flows from investing activities LO 14-3 The following accounts and corresponding balances were drawn from Rundle Company's Year 2 and Year 1 year-end balance sheets. Other Information drawn from the accounting records: 1. Rundle Incurred a \\( \\$ 1,370 \\) loss on the sale of Investment securitles during Year 2. 2. Old machinery with a book value of \\( \\$ 5,020 \\) (cost of \\( \\$ 25,370 \\) minus accumulated depreclation of \\( \\$ 20,350 \\) ) was sold. The Income statement showed a gain on the sale of machinery of \\( \\$ 4,220 \\). 3. Rundle did not sell land during the year. Required a. Compute the amount of cash flow assoclated with the sale of Investment securitles. b. Compute the amount of cash flow assoclated with the purchase of machinery. c. Compute the amount of cash flow assoclated with the sale of machinery. d. Compute the amount of cash flow assoclated with the purchase of land. e. Prepare the Investing activitles section of the statement of cash flows. Complete this question by entering your answers in the tabs below. Compute the amount of cash flow associated with the sale of investment securities, purchase of machinery, sale of machinery and purchase of land. Complete this question by entering your answers in the tabs below. Prepare the investing activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.)

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