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Lucy Co. sold equipment that cost $119,000 and had a book value of $81,000 for $87,000. Data from Lucy's comparative balance sheets are: 12/31/20 12/31/19

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Lucy Co. sold equipment that cost $119,000 and had a book value of $81,000 for $87,000. Data from Lucy's comparative balance sheets are: 12/31/20 12/31/19 Machinery $850,000 $720,000 Accumulated depreciation 240,000 186,000 Required: Indicate what will be reported on the Statement of Cash Flow for the year ending December 31 2020. Include (1) the transaction description, (2) the dollar amount and (3) whether that amount will be added or subtracted. Operating Activities (Indirect Method) Investing Activities

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