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What was the gain/loss on the asset that was sold on October 24, 2018? Record your answer as a dollar amount rounded to zero (0)

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  1. What was the gain/loss on the asset that was sold on October 24, 2018? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244.

  2. What was the sale price on the asset that was sold on February 8, 2018? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244.

  3. What was the gain/loss on the asset that was sold on May 25, 2020? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244

  4. What was the accumulated depreciation of the asset that was sold on November 29, 2021? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244.

PROBLEM B Given the following information for Walk or Run (WoR), Incorporated., construct a statement of cash flows for WoR, Inc. for the period December 31, 2018 to December 31, 2021 Walk or Run (WoR), Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2018, 2019, 2020 and 2021 2020 700 Cash Accounts receivable Inventory Current assets Gross fixed assets (Accumulated depreciation) Net fixed assets Land Total assets 2018 400 3,500 9,700 13,600 408,600 (261,700) 146,900 21,000 181,500 2019 600 3,800 10,200 14,600 418,300 (269,500 148,800 21,000 184,400 4,200 9.900 14,800 429,500 (266,100) 163,400 26,000 204,200 2021 300 4,800 9,100 14,200 483,500 (281,600) 201,900 34,000 250,100 Notes payable Accounts payable Wage & Tax accruals Current liabilities L. T. Debt Common stock ($1.50 par value) Paid-in-capital Retained earnings Total Liabilities and Equity 1,600 1,800 1,300 4,700 137,500 10,000 20,400 8,900 181,500 1,300 2,000 1,900 5,200 126,000 11,000 32,000 10,200 184,400 1,100 1,700 1,000 3,800 123,900 12,000 48,200 16,300 204,200 3,300 1,400 2,700 7,400 141,000 13,000 62,900 25,800 250,100 Income Statement data for selected years: 2018 Sales $ 587,400 Net income $ 10,220 2019 $599,100 $ 9,950 2020 $ 602,700 $ 11,400 2021 $ 618,700 $ 12,700 WoR, Inc. sold the following long term assets during the periods covered by these financial statements: Long term asset sold on October 24, 2018. This asset was sold for $3,300. The asset was originally purchased for $9,700 and the asset had a book value of $3,700 when it was sold. Long term asset sold on February 8, 2018. This asset sale resulted in a gain on the sale of the asset of $1200. The asset had an original cost of $6,000 and it had accumulated depreciation of $5,700 when it was sold. Long term asset sold on May 25, 2020. The asset was sold for $2,200. This asset had a book value of $5,200 and accumulated depreciation of $7,000 when it was sold. Long term asset sold on November 29, 2021. This asset was sold for $7,500. The asset was originally purchased for $13,400 and the asset had a book value of $5,000 when it was sold

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