Indicate how each of the followins transactions would affect Cullumber Ltd's statement of income, statement of financiai position. and statement of cash fiows. If there would be no effect, then state that. a. Cullumber sold a piece of equipment for $36,400. The equipment had originally cost $176,000 and had a carrying amount of $44,000 at the time it was sold. b. Cullumber purchased a new piece of equipment to replace the equipment that had been sold. The new equipment had a cost of $203,000. c. Cullumber recorded the annual depreciation on its equipment in the amount of $139,000