E12-13 (Algo) (Supplement B) Computing and Reporting Cash Flow Effects of Sale of Plant and Equipment (The following information applies to the questions displayed below.) During two recent years, Perez Construction, Inc., disposed of the following plant and equipment: Year 1 $ 75,800 Year 2 $15, 100 Plant and equipment (at cont) Accumulated depreciation on equipment disposed of Cash received Gain loss) on sale 41,985 19,464 (14,351) 4,573 13,763 3,236 E12-13 Part 1 Required: 1. Determine the cash flow from the sale of property for each year that would be reported in the investing activities section of the cash flow statement. (List cash outflows as negative amounts.) PEREZ CONSTRUCTION, INC., Cash flows from investing activities Year 1 Year 2 23 7,073 MacBook Air