Nelson Company has arranged to sell a piece of used equipment for $$9,350.$ The equipment had an original cost of $$17,000$ and accumulated depreciation of $$8,500.$

Required:

Determine the effect that this transaction will have on each of the following sections of the statement of cash flows:

Operating activities, indirect method

Investing activities

Financing activities

$\backslash$table$[[$Activities$,$Effects,Amount$],[\backslash$table$[[$Operating Activities, Indirect$],[$Method$]],\backslash$table$[[$Added to net income$],[$Subtracted from net income$],[$No effect$]],$s$!],[$Investing Activities,$\backslash$table$[[$Source of cash $($inflow$)],[$Use of cash $($outflow$)],[$No effect$]],$$$9,350$