statement of cash flows. If there would be no effect, then state that. a. Crane sold a piece of equipment for $155,000. The equipment had originally cost $756,000 and had a carrying amount of $132,000 at the time it was sold. b. Crane purchased a new piece of equipment to replace the equipment that had been sold. The new equipment had a cost of $1,028,000 c. Crane recorded the annual depreciation on its equipment in the amount of $489,000. Statement of Financial Position Statement of Cash Flows $ =$ $ o $ $