Question: Additional data on activities during 2019 are as follows: . During 2019, Tomtric Company sold used equipment for $3,000 that had cost $15,000 with accumulated
Additional data on activities during 2019 are as follows: . During 2019, Tomtric Company sold used equipment for $3,000 that had cost $15,000 with accumulated depreciation New equipment was purchased for $12,000 cash. Cash dividends totaling $8,000 were paid. Long-term investments that had cost $18,000 when purchased were sold for $18,000. Common stock was issued for $10,000. Required: Prepare the operating activities section of the statement of cash flows using the direct method
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