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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: Account Title Investment securities Year
The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets: Account Title Investment securities Year 2 $ 105,600 Machinery 524,600 140,900 Year 1 $ 113,600 427,600 101,000 Land Other information drawn from the accounting records: 1. Delsey incurred a $1,210 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $4,500 (cost of $25,160 minus accumulated depreciation of $20,660) was sold. The income statement showed a gain on the sale of machinery of $4,900. 3. Delsey did not sell land during the year. . Compute the amount of cash flow associated with the sale of machinery. Amount of cash flow.
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