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Please answer all parts to the question. Current Attempt in Progress The Tri Town Storage Company had the following balances in its Equipment and Accumulated
Please answer all parts to the question.
Current Attempt in Progress The Tri Town Storage Company had the following balances in its Equipment and Accumulated Depreciation on Equipment accounts at the beginning and end of 2021: Equipment Accumulated depreciation, equipment January 1 $102,900 29,200 December 31 $130,300 22,200 During 2021, Tri Town engaged in the following transaction involving equipment: Sold equipment that originally cost $24,800 and had a current book value of $7,580 for $18,900. This was the only sale of equipment Net income for 2021 was $384,300. How much equipment-related depreciation expense did the Tri Town Storage Company record during 2021? Depreciation expense $ e Textbook and Media What was the cost of equipment purchased during the year? Cost of equipment purchased e Textbook and Media Using this limited information, prepare the operating and investing activities sections of the statement of cash flows. Here you will assume that there were no changes in current asset and current liability accounts other than cash. (Enter amounts that decrease cash flow either with a negative sign preceding the number, e.g.-15,000 or parenthesis e.g. (15,000).) Tri Town Storage Company Statement of Cash Flows For the Year Ended December 31, 2021 - $ . + $ e Textbook and MediaStep by Step Solution
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