Two transactions of LRT Logistics Inc. are recorded as follows:
a.

b.

Required
1. Indicate where, how, and in what amount to report these transactions on the cash flow statement and accompanying schedule of noncash investing and financing activities. Are they cash receipts or payments? LRT Logistics Inc. reports cash flows from operating activities by the direct method.
2. Repeat Requirement 1, assuming that LRT Logistics Inc. reports cash flows from operating activities by the indirect method.

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Cash Accumulated Amortization- Computer Equipment 80,000 830,000 Computer Equipment. Gain on Sale of Computer Equipment. 870,000 40,000 Land 2,900,000 Cash. Nois Pavable 1,300,000 1,600,000