The Elkhardt Storage Company had the following balances in its Equipment and Accumulated Depreciation on Equipment accounts at the beginning and end of 2021:

During 2021, Elkhardt engaged in the following transactions involving equipment:

Sold equipment that originally cost $24,800 and had a current book value of $7240 for $16600. This was the only sale of equipment.

Net income for 2021 was $379300

1) How much equipment related depreciation expense did the Elkhart storage company record during 2021?

2) What was the cost of equipment purchased during the year?

3) Using this limited information prepare the operating and investing activities section of the statement of cash flows. Here you will assume that there were no changes in current assets and current liability accounts other than cash.

The Elkhardt Storage Company had the following balances in its Equipment and Accumulated Depreciation on Equipment accounts at the beginning and end of 2021: Equipment Accumulated depreciation, equipment January 1 $108,100 27,100 December 31 $132, 100 21,900 During 2021, Elkhardt engaged in the following transaction involving equipment: Sold equipment that originally cost $24,800 and had a current book value of $7,240 for $16,600. This was the only sale of equipment Net income for 2021 was $379,300. How much equipment-related depreciation expense did the Elkhardt Storage Company record during 2021? Depreciation expense $ eTextbook and Media What was the cost of equipment purchased during the year? Cost of equipment purchased Using this limited information, prepare the operating and investing activities sections of the statement of cash flows. Here you will assume that there were no changes in current asset and current liability accounts other than cash. (Enter amounts that decrease cash flow either with a negative sign preceding the number, eg. -15,000 or parenthesis eg. (15,000)) Elkhardt Storage Company Statement of Cash Flows For the Year Ended December 31, 2021