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The only answer thats wrong is the number associated with Paid to purchase machinery The following accounts and cotresponding balances were drawn from Fanning Company's

The only answer thats wrong is the number associated with "Paid to purchase machinery" image text in transcribed
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The following accounts and cotresponding balances were drawn from Fanning Company's Year 2 and Year 1 year-end balance sheets. Other information drawn from the accounting records 2. Fanning incurred a 51,360 loss on the sale of investment securities duning Year 2 2 . Oid machinery with a book value of $4,240 (cost of $25,560 minus accumulated depreciation of $21,320 ) was sold. The income statement showed a gain on the sale of machinery of $4,840 3. Fanning did not sell land duting the year. Required a. Compuse the amount of cash flow associated with the sale of unvestment secunties b. Compute the amount of cast flow associated with the purchase of machinery. c. Compute the amount of cash now associated whin the sale of mechinery d. Compule the amount of cash flow aswociated with the purchase of land a. Prepare the investing activities section of the statement of cash flows Complete this question by entering your answers in the tats below. Compute the amount of cash fow stsciated with the sale of investment securities, purchase of machinery, sale of machinery. and purchase of land. Other information drawn from the accounting reconds: 1. Fanning incurred a $1,360 loss on the sale of investment securnies during Year 2 2. Oid machinery wth a book vilue of $4.240 (cost of $25,560 minus accumalated depreclation of $21,320 ) was sold The income statemient showed a gain on the sale of machinery of $4,840 3. Fanning did not sebland during the year Required a. Compute the amount of cash fiow associated with the sale of investment secunties: b. Compute the amount of cash flow astociated with the purchase of machinery. c. Compute the amount of cash fow associated with the sale of machinery d. Compute the amount of cash fiow associated with the pirchase of land - Prepare the investing activities section of the statement of cash flows Complete this question toy entering your answers in the tebs below. Drepare the investing activities section of the statement of cash flows hote: Cenli outhows should be indicated with a mirus sign

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