Mix \& Match Company sold office equipment with a cost of $47,400 and accumulated depreciation of $32,000 for $27,000 cast Required: a. What is the amount of gain or loss on the disposar? b. How would the sale affect net income (increase, decrease, no effect)? c. How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect)? d. How would the event affect the statement of cast flows (inflow, outflow, no effect)