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The information below was provided by Sunshine Company for 2019 and 2018. 12/31/1912/31/18 Change Equipment $70,000 $62,000 8,000 Accumulated Depreciation 39,000 30,000 9,000 Investments 27,000
The information below was provided by Sunshine Company for 2019 and 2018. 12/31/1912/31/18 Change Equipment $70,000 $62,000 8,000 Accumulated Depreciation 39,000 30,000 9,000 Investments 27,000 20,000 7,000 Bonds Payable 10,000 8,000 2,000 During 2019, Bongo sold equipment with an original cost of $25,000 and accumulated depreciation of $19,000. A loss of $1,000 was recognized on the sale of equipment. Required: Prepare the investing activities section of the statement of cash flows for 2019. Show your work for partial credit
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