Gent - Chapter 12 9.500 Required Information The following information applies to the questions displayed below) The following information was drawn from the year end balance sheets of Mass Trading Company Account the Year 2 Vea 1 Investeent curities $ 16,000 $ 26,50 quent 217.000 210,000 buildings 145,500 90.000 Land 57,000 Additional information regarding transactions occurring during Year 2 1. Investment securities that had cost $6,090 were sold. The Year Zincome statement contained a loss on the sale of investment Securities of $420 2. Equipment with a cost of $45,000 was purchased 3. The income statement showed again on the sale of equipment of $4100. On the date of sale, accumulated depreciation on the equipment sold amounted to $6.100 4. A building that had originally cost $177,000 was demolished 5. Land that had cost $25.100 was sold for $21.000 c. Determine the cost of the equipment that was sold during Year 2