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Required Information [The following information applies to the questions displayed below) The following information was drawn from the year-end balance sheets of Mass Trading Company

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Required Information [The following information applies to the questions displayed below) The following information was drawn from the year-end balance sheets of Mass Trading Company Account Title Year Year 1 Investment securities $36,000 $ 26,500 Equipment 217, 210,000 Buildings 845,500 961,000 Land 98,500 57,600 Additional Information regarding transactions occurring during Year 2 1. Investment securities that had cost $6,090 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $420, 2. Equipment with a cost of $45,000 was purchased 3. The Income statement showed a gain on the sale of equipment of $4.100. On the date of sale, accumulated depreciation on the equipment sold amounted to $6,100. 4. A building that had originally cost $177,000 was demolished 5. Land that had cost $25300 was sold for $21.000. d. Determine the amount of cash flow from the sale of equipment during Year 2. Comment

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