H Corporation had the following PP\&E balances at each year end: Equipment was sold for $320,000. The equipment originally cost $290,000 and had a net book value of $260,000 at the time of sale. The remaining transactions in the PP\&E accounts were for cash. 1. For the equipment transaction, calculate the accumulated depreciation at the time of the sale, and the gain/loss on the sale. 2. For the building and equipment, analyze the change in the accounts for the year (equipment sale, PP\&E purchases, and depreciation expense). 3. Where would these amounts be recorded in the statement of cash flows, le. what section(s)? and indicate if an "additive" or "subtractive" item. H Corporation had the following PP\&E balances at each year end: Equipment was sold for $320,000. The equipment originally cost $290,000 and had a net book value of $260,000 at the time of sale. The remaining transactions in the PP\&E accounts were for cash. 1. For the equipment transaction, calculate the accumulated depreciation at the time of the sale, and the gain/loss on the sale. 2. For the building and equipment, analyze the change in the accounts for the year (equipment sale, PP\&E purchases, and depreciation expense). 3. Where would these amounts be recorded in the statement of cash flows, le. what section(s)? and indicate if an "additive" or "subtractive" item