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Fill in the Blank Question Fill in the blank question. The company entered into the following transactions during the year: (a) Sold equipment costing $46,500,
Fill in the Blank Question Fill in the blank question. The company entered into the following transactions during the year: (a) Sold equipment costing $46,500, for a loss of $5,875. (b) Purchased equipment costing $99,000 by paying $35,000 cash and signing a long-term note payable for the balance. (c) Borrowed $2,000 cash by signing a nonsales-related short-term note payable. (d) Paid $47,500 cash to reduce the long-term notes payable. (e) Issued 2,400 shares of common stock for $20 cash per share. The cash inflow from financing activities equals $ . (Do not input a comma or cents.)
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