Savod Exercise 12-9A Determining cash flows from investing activities LO 12-3 On January 1, Year 1, Bacco Company had a balance of $71,600 in its Delivery Equipment account. During Year 1, Bacco purchased delivery equipment that cost $20,000. The balance in the Delivery Equipment account on December 31, Year 1 was $72,316. The Year 1 income statement reported a gain from the sale of equipment for $3,500. On the date of sale, accumulated depreciation on the equipment sold amounted to $11,500. a. Determine the original cost of the equipment that was sold during Year 1 Cost of the equipment b. Determine the amount of cash flow from the sale of delivery equipment that should be shown in the investing activities section of the Year 1 statement of cash flows Amount of cash flow