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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, Additional information regarding transactions occurting during Year 2 1. Investment securities that had cost $6,130 were sold. The Year 2 income statement contained a loss on the sale of Irivestment securities of $430 2. Equipment with a cost of $52,000 wos 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 soid amounted to $6,800 4. A building that had originally cost $164,000 was demolished 5. Land that had cost $25,100 was sold for $21,200 d. Determine the amount of cash fiow from the sale of equipment during Year

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