equired Information The following information applies to the questions displayed below) The following information was...
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equired Information The following information applies to the questions displayed below) The following information was drawn from the yearend balance sheets of Mass Trading Company Account Title Investeent Securities Equipment buildings Land Year 2 $3,000 217,000 845,50 98,500 Near 1 $ 26,00 219,00 951.00 57, see Additional information regarding tavsactions occurring during Year 2 1. Investment securines that had cost $6,090 were sold. The Year 2 Income statement contained a loss on the sale of 0 Iwestnent securities of $420, 2. Equipment with a cost of $45.000 was purchased 1. The income statemem showed again on the sale of equipment of $4300. On the date of sale, accumulated depreciation on the equipment sold amounted to $6300. 4. A building that Ivd originally cost $177,000 was demolished 5. Land that had cost $25.500 was sold for $21,000 to. Determine the amount of cash flow from the sale of investment securities during Year 2
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