Corporation formats operating cash flows using the indirect method. Cramer's Income Statement for 2018 Sales revenue Gain on sale of equipment Cost of goods sold Depreciation Cash Other operating expenses Net income * The book value of equipment sold during 2018 was $22,000. Cramer's Comparative Balance Sheets December 31, 2018 and 2017 Accounts receivable Inventory Plant and equipment, net 2018 $3,500 6,000 8,000 89,000 $106,500 2017 $2,000 11,000 7,000 71,000 $91,000 $170,000 10,000 $110,000 7,500 27,000 Accounts payable Accrued liabilities Common stock Retained earnings * 2018 $7,000 9,000 20,000 70,500 $106,500 $180,000 144,500 $35,500 2017 $8,000 1,000 10,000 72,000 $91,000 How many items enter the computation of Cramer's net cash flow from investing activities for 2018? A. 5 B. 7 C. 2 D. 3

34. Corporation formats operating cash flows using the indirect method. How many items enter the computation of Cramer's net cash flow from investing activities for 2018 ? A. 5 B. 7 C. 2 D. 3