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Problem 12-15A (Algo) Determining cash flows from investing activities LO 12-3 [The following information applies to the questions displayed below.] The following information was drawn

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Problem 12-15A (Algo) Determining cash flows from investing activities LO 12-3 [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 $5,620 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $480. 2. Equipment with a cost of $45,000 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 $7,700. 4. A building that had originally cost $167,000 was demolished. 5. Land that had cost $26,600 was sold for $21,200. Required a. Determine the amount of cash flow for the purchase of investment securities during Year 2 . b. Determine the amount of cash flow from the sale of investment securities during Year 2 . c. Determine the cost of the equipment that was sold during Year 2

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