TB 12-71 Your company owned equipment with a book val... Your company owned equipment with a book value of $120,000 that was sold during this accounting period for $30,500 in cash. The company also purchased new equipment for $148.C Impact on cash flows? Multiple Choice Credit cash $30,500; debit cash $148,000, net cash outflow $117,500. Debit cash $148.000; credit cash $89.500; net cash outflow $58,500. Debit cash $30,500, credit cash $148,000; net cash outflow $117.500. Debit cash $89.500; credit cash $148.000; net cash outflow $58,500