Question: Exercise 121 Your answer is partially correct. Try again. Milner Co. sold a machine that cost $72,000 and had a book value of $45,000 for

 Exercise 121 Your answer is partially correct. Try again. Milner Co.

Exercise 121 Your answer is partially correct. Try again. Milner Co. sold a machine that cost $72,000 and had a book value of $45,000 for $95,000. Data from Milner's comparative balance sheets are: 12/31/18 12/31/17 Machinery $841,000 $691,000 Accumulated depreciation 193,000 126,000 Complete the cash flow statement below. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Milner Co. Partial Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2018 Cash flows from operating activities Deprediation Expense 50000 Gain on Sale of Machinery 94000 144000 Cash flows from investing activities Sale of Machinery -222,222 Purchase of Machinery 95000 -127000

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