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The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets. Other information drawn from the accounting
The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets. Other information drawn from the accounting records: 1. Delsey incurred a $1,390 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $5,080 (cost of $25,500 minus accumulated depreciation of $20,420 ) was sold. The income statement showed a gain on the sale of machinery of $4,410. 3. Delsey did not sell land during the year. xercise 12-10A (Algo) Part e Prepare the investing activities section of the statement of cash flows. (Cash outflows should be indicated with a minus sign.)
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