QS $12-9($Algo$)$ Computing investing cash flows LO P$3$

Indicate the effect each separate transaction has on investing cash flows.

Note: Amounts to be deducted should be indicated with a minus sign.

a$.$ Sold a truck costing $$50,000,$ with $$26,000$ of accumulated depreciation, for $$12,000$ cash. The sale results in a $$12,000$ loss.

b$.$ Sold a machine costing $$14,600,$ with $$10,000$ of accumulated depreciation, for $$9,000$ cash. The sale results in a $$4,400$ gain.

c$.$ Purchased stock investments for $$26,000$ cash. The purchaser believes the stock is worth at least $$34,000.$

Answer is not complete.

$\backslash$table$[[$Cash flows from investing activities,,$],[$Cash received from sale of truck,,$12,000],[$Cash received from sale of machine,,$9,000],[$Cash paid for purchase of investment,,$],[,,],[$Net cash used in investing activities,,$$21,000$