of 7 0:51:01 oped bok int ences ! Required information [The following information applies to the questions displayed below.] The following information was drawn from the year-end balance sheets of Mass Trading Company. Year 2 $ 37,100 229,500 863,000 91, 000 Year 1 $ 29,900 217,500 952,000 50, 500 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,100 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $730. 2. Equipment with a cost of $55,000 was purchased. 3. The income statement showed a gain on the sale of equipment of $6,000. On the date of sale, accumulated depreciation on the equipment sold amounted to $7,900. Account Title Investment securities Equipment Buildings Land 4. A building that had originally cost $158,000 was demolished. 5. Land that had cost $26,700 was sold for $20,000.

Required information [The following information applies to the questions displayed below.] The following information was drawn from the year-end balance sheets of Mass Trading Company. Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,100 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $730. 2. Equipment with a cost of $55,000 was purchased. 3. The income statement showed a gain on the sale of equipment of $6,000. On the date of sale, accumulated depreciation on the equipment sold amounted to $7,900. 4. A building that had originally cost $158,000 was demolished. 5. Land that had cost $26,700 was sold for $20,000. b. Determine the amount of cash flow from the sale of investment securities during Year