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Problem Cash Flows Investing The information below was provided by Apple Company for 2021 and 2020. 12/31/21 12/31/20 Change Equipment $61,000 $72,000 (11,000) Accumulated Depreciation

Problem Cash Flows Investing

The information below was provided by Apple Company for 2021 and 2020.

12/31/21

12/31/20

Change

Equipment

$61,000

$72,000

(11,000)

Accumulated Depreciation

39,000

30,000

9,000

During 2021, Apple sold equipment with an original cost of $25,000 and accumulated depreciation of $19,000. A loss of $2,000 was recognized on the sale of equipment.

Prepare the investing activities section of the statement of cash flows for 2021. Please show your work for partial credit.

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