Question: Parking Structures, Inc. purchased the lighting system described in problem #1 at the end of the year for $80,000. Assume that Lighting Designs cost of

Parking Structures, Inc. purchased the lighting system described in problem #1 at the end of the year for $80,000. Assume that Lighting Designs cost of production and installation was $65,000. What would be the accounting view and financial view of the sale, given the marginal changes in Lighting Designs income statement and cash flow statement?

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