FACTS Data from Balance Sheet: o PPE, gross, beginning balance: $50,000 o PPE gross, ending balance: $40,000 o Accumulated Depreciation, beginning balance: $10,000 o Accumulated Depreciation, ending balance: $10,000 Data from Income Statement: o Annual Depreciation Expense: $1,000 o Gain on Sale of PPE: $15,000 Data from Statement of Cash Flow Statement: o During the year, PPE was acquired with a cost of $7,000

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Where would the specific amount of cash received from the sale from Q11 (as opposed to grouped into a total) be found in the financial statements? Please indicate the financial statement which would list the amount from Q11:

Q12

	Income Statement
	Statement of Changes in Owners' Equity
	Balance Sheet
	Statement of Cash Flows

Where would the specific amount of cash received from the sale from Q11 (as opposed to grouped into a total) be found in the financial statements? Please indicate the section of the relevant financial statement:

Q13

	Liability Section
	Operating Income
	Cash Flows from Operations
	Cash Flows from Financing
	Cash Flows from Investing