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

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The Steering 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 $105,200 33.900 December 31 $129,000 20.900 During 2021, Steering engaged in the following transaction involving equipment: Sold equipment that originally cost $24,800 and had a current book value of $8,260 for $17,300. This was the only sale of equipment. Net income for 2021 was $371,600 How much equipment-related depreciation expense did the Steering Storage Company record during 2021? Depreciation expense $ e Textbook 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 elther with a negative sign preceding the number, e.g.-15,000 or parenthesis eg. (15,000).) Steering Storage Company Statement of Cash Flows For the Year Ended December 31, 2021

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