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Salud Company reports the following in section of its statement of cash flows for the year ended December 31, 2017 (Amounts to be deducted should
Salud Company reports the following in section of its statement of cash flows for the year ended December 31, 2017 (Amounts to be deducted should be indicated with a minus sign.) formation. Use the indirect method to prepare only the operating activities $425,000 Accounts receivable increase 80,500 Prepaid expenses decrease 26,000 Accounts payable increase $49,200 12,900 7,600 3,000 10 points Depreciation expense Gain on sale of machinery 01:26:12 Cash flows from operating activities et income S 425,000 Adjustments to reconcile net income to operating cash flow on sale of 425,000 1 of 5 Next > 2 a. Equipment with a book value of $78,500 and an original cost of $161,000 was sold at a loss of $32,000. b. Paid $109,000 cash for a new truck c. Sold land costing $320,000 for $410,000 cash, yielding a gain of $90,000. d. Long-term investments in stock were sold for $95,600 cash, yielding a gain of $15,500 ts Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) 01:22-28 Cash flows from investing
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