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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
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 Additional informatlon regarding transactions occurting during Year2: 1. Investment securities that had cost $6,130 were sold. The Yeat 2 income statement contained a lass on the sale of investment securities of $430. 2. Equipment with a cost of $52,000 was purchased 3. The income statement showed a gain on the sale of equipment of $7,500. On the date of sale, accumulated depreciation on the equipment sold amounted to $6.800. 4. A building that had originally cost $164,000 was demollshed. 5. Land that had cost $25,100 was sold for $21,200 9. Prepare the investing activitles section of the Year 2 statement of cash flows. (Cash outflows should be indicated with a minus signi) 9. Prepare the investing activities section of the Year 2 statement of cash flows. (Cosh outflows should be sign.)
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