P12-2B The following selected account balances relate to the plant asset accounts of Karas Inc. at year-end. 2012 2011 Accumulated depreciation-buildings $337,500 $300,000 Accumulated depreciation-equipment 144,000 96,000 Buildings 750,000 750,000 Depreciation expense 99,500 85,500 Equipment 300,000 240,000 Land 100,000 70,000 Loss on sale of plant assets 6,000 0 Additional information: 1. Karas purchased $85,000 of equipment and $30,000 of land for cash in 2012. 2. Karas also sold equipment in 2012. 3. Depreciation expense in 2012 was $37,500 on building and $62,000 on equipment. Instructions (a) Determine the amounts of any cash inflows or outflows related to the plant asset ac- counts in 2012. (b) Indicate where each of the cash inflows or outflows identified in (a) would be clas- sified on the statement of cash flows