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Help with #2 and #3 QS 12-10 (Algo) Computing investing cash flows LO P3 During 2021, equipment with a book value of $63,000 and an

image text in transcribedHelp with #2 and #3

QS 12-10 (Algo) Computing investing cash flows LO P3 During 2021, equipment with a book value of $63,000 and an original cost of $220,000 was sold at a loss of $7,600. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021? 3. What was the cost of new equipment purchased by Anders during 2021? 1. Cash received from the sale of equipment $ 55,400 245,000 $ 2. Depreciation expense 3. Purchase of equipment QS 12-10 (Algo) Computing investing cash flows LO P3 During 2021, equipment with a book value of $63,000 and an original cost of $220,000 was sold at a loss of $7,600. 1. How much cash did Anders receive from the sale of equipment? 2. How much depreciation expense was recorded on equipment during 2021? 3. What was the cost of new equipment purchased by Anders during 2021? 1. Cash received from the sale of equipment $ 55,400 245,000 $ 2. Depreciation expense 3. Purchase of equipment

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