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Karr Inc. reported net income of $300,000 for 201. Changes occurred in several balance sheet accounts as follows: Additional Information: a. During 201, Karr sold

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Karr Inc. reported net income of $300,000 for 201. Changes occurred in several balance sheet accounts as follows: Additional Information: a. During 201, Karr sold equipment that cost $25,000 and kad accumulated depreciation of $12,000, for a gain of $5,000. b. In December 201, Karr purchased equipment costing $50,000 with $20,000 cash and a 12% note payable of $30,000. c. Depreciation expense for the year was $52,000. Required: 1. In Karr's 201 statement of cash flows, what should be the net cash from operating activities? 2. In Karr's 201 statement of cash flows, what should be the net cash used in investing activities? (For all requirements, cash outflows should be entered with a minus sign.)

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