Un Company sold office equipment with a cost of $41,700 and accumulated depreciation of $38,515 for $5,280 Required a. What is the book value of the asset at the time of sale? b. What is the amount of gain or loss on the disposal? c. How would the sale affect net income (increase, decrease, no effect) and by how much? d. How would the sale affect the amount of total assets shown on the balance sheet (increase, decrease, no effect) and by how much? e. How would the event affect the statement of cash flows (inflow, outflow, no effect) and in what section? 3,185 a. Book value b. Gain (loss) on sale C. Net income would d. Total assets would e. Effect 2,095 by2,095 by increase nflow Section nvesting activities