On January Year Bacco Company had a balance of $ in its Delivery Equipment account. During Year Bacco purchased delivery equipment that cost $ The balance in the Delivery Equipment account on December Year was $ The Year income statement reported a gain from the sale of equipment for $ On the date of sale, accumulated depreciation on the equipment sold amounted to $

Required

a Determine the original cost of the equipment that was sold during Year

b Determine the amount of cash flow from the sale of delivery equipment that should be shown in the investing activities section of the Year statement of cash flows.