starlight ltd. sold a piece of equipment, aug 1, 2024 for cash proceeds $20,000, the equipment had original value of $50,000 and was purchased on jan 1, 2021, it was estimated to have value of $2000, and 5 year useful life, starlight use straightline method as of dec 31, year end.

a) journalize all entried required to update depreciation and record sale for asset in 2024

b) prepare investing activities section of starlight statement of cash flow for 2024

c) use indirect method to prepare the operating activity section of starlight statemwnt of cash flow 2024, assume their income for 2024 was $100,000 and there was no change in non cash working capital