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Question 6 2 pts The Lexington Company had the following selected balances from its December 31, 2018 and December 31, 2019 balance sheets. Assume the

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Question 6 2 pts The Lexington Company had the following selected balances from its December 31, 2018 and December 31, 2019 balance sheets. Assume the accounts have their normal debit/credit balances. 1 Account Cash Accounts receivable Equipment Accumulated depr.-equip. Short-term notes payable 12/31/19 $ 35,900 38,900 341,800 91,900 27,500 2/31/18 $ 28,700 51,300 325,600 85,800 1.000 Increase/(Decrease) $ 7,200 012 400) 16.200 6.100 26,500 During 2019 the Lexington Company purchased $84,300 of equipment for cash. During 2019 the Lexington Company also sold equipment for cash. The company realized a loss of $11.700 on the sale of equipment. The company's depreciation expense for 2019 was $31.700 What amount should the Lexington Company record as "Proceeds from the sale of Equipment on its Statement of Cash Flows for the year ended December 31, 2019? MacBook Pro

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