Question: Accounting question. please help solve and show work. thank you. During the period, Sanchez Company sold some excess equipment at a loss. The following information

Accounting question. please help solve and show work. thank you.

Accounting question. please help solve and show work. thank you. During theperiod, Sanchez Company sold some excess equipment at a loss. The following

During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the company's accounting records: From the Income statement Depreciation expense 5 90!) Loss on sale of equipment 3 , 100 From the Balance sheet Beginning equipment 20 , 200 Ending equipment. 11 , 900 Beginning accumulated depreciation 1 , 920 Ending accumulated depreciation 1 , 880 No new equipment was bought during the period. Required: 1. For the equipment that was sold, determine its original cost. its accumulated depreciation, and the cash received from the sale. (Use the equipment and accumulated depreciation Taccounts to infer the book value of the equipment sold.) Cost of equipment sold Accumulated depreciation on sold equipment Cash received from sale 2. Sanchez Company uses the indirect method for the Operating Activities section of the cash flow statement. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Operating Activities?(lnput the amount as positive value.) III:-: 3. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Investing Activities? (Input the amount as positive value.) -:I

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