into a power outlet Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following Information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation 15,900 12,500 Investment (long-term) 38,000 50,000 In addition, Orlando sold furniture costing $20,800 with accumulated depreciation of $13,520 for $8,440. Orlando also reported a $1,500 pain on the sale of long-term Investments Required: Compute net ash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). 14,560 x Check My W Set up T-accounts to determine activity in the furniture account Recreate the journal entry to determine the cash flow related to the long-term investment account. into a power outlet Brief Exercise 11-30 (Algorithmic) Determining Net Cash Flow from Investing Activities Orlando Inc. reported the following Information: 12/31/2019 12/31/2018 Furniture $46,000 $32,000 Accumulated depreciation 15,900 12,500 Investment (long-term) 38,000 50,000 In addition, Orlando sold furniture costing $20,800 with accumulated depreciation of $13,520 for $8,440. Orlando also reported a $1,500 pain on the sale of long-term Investments Required: Compute net ash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows). 14,560 x Check My W Set up T-accounts to determine activity in the furniture account Recreate the journal entry to determine the cash flow related to the long-term investment account