Required information [The following information applies to the questions displayed below.] 4 of 7 The following information was drawn from the year-end balance sheets of Mass Trading Company: Account Title Investment securities Equipment Buildings Land Year 2 $ 35,600 218,500 849,500 92,000 Year 1 $ 26,300 209,500 944,500 63,000 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,420 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $570. 2. Equipment with a cost of $56,500 was purchased. 3. The income statement showed a gain on the sale of equipment of $7,600. On the date of sale, accumulated depreciation on the equipment sold amounted to $8,700. 4. A building that had originally cost $170,000 was demolished. 5. Land that had cost $26,300 was sold for $20,300. d. Determine the amount of cash flow from the sale of equipment during Year 2. Next >