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Milner Co. sold a machine that cost $79,000 and had a book value of $45,000 for a sale price of $48,000. Calculate the net cash

Milner Co. sold a machine that cost $79,000 and had a book value of $45,000 for a sale price of $48,000.

Calculate the net cash flow from investing activities

Calculate the gain on the sale of the machine.

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