The cash flow statement of the United Company is in process for 20X2. The United Company is reporting the following balances: Equipment Loss on sale of equipment Accumulated depreciation-equipment 12/31/X1 $100,000 12/31/X2 $170,000 75,000 10, 000 95,000 During 20X2, United sold equipment costing $30,000 for $12,000 and made several purchases of new equipment for cash. Equipment purchases in 20X2 were: Multiple Choice $120,000. $100,000. $30,000. $70,000.