On Dec 31, 2020, Equipment is 4 years old, and is shown at a value of $60,000 on the balance sheet. It was purchased for $108,000. How much will the equipment be in the accounting records as of Dec 31, 20222 During 2018, a company provided services for cash of $33,600 and services on account of $20,000. The company collected accounts receivable of $12,800. The company incurred operating expenses of $36,300, $22,400 of which were paid during the year. The amount of net income (loss) for the year is: A company might report negative cash flows from investing activities when: it has sold a significant amount of equipment Onone of the other answers are correct It has borrowed money from a bank during the year it has paid a cash dividend to its stockholders Which of the following items is an example of revenue? Cash received from the sale of land for its original selling price neither of the 2 "cash received" items both of the 2 "cash received items Cash received from customers at the time services were provided