The information below was provided by Tucson Company for 2019 and 2018:
Equipment, December 31, 2018 $132,000
Equipment, December 31, 2019 140,000
Accumulated depreciation, December 31, 2018 78,000
Accumulated depreciation, December 31, 2019 60,000
During 2019, Tucson sold equipment with a cost of $50,000 and accumulated depreciation of $38,000. A loss of $2,000 was recognized on the sale of the equipment.
Prepare the investing activities section of the statement of cash flows for 2019.

Question

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The Answer of The information below was provided by Tucson Company for 2019 and 2018:
Equipment, December 31, 2018 $132,000
Equipment, December 31, 2019 140,000
Accumulated depreciation, December 31, 2018 78,000
Accumulated depreciation, December 31, 2019 60,000
During 2019, Tucson sold equipment with a cost of $50,000 and accumulated depreciation of $38,000. A loss of $2,000 was recognized on the sale of the equipment.
Prepare the investing activities section of the statement of cash flows for 2019.

The Information Below Was Provided by Tucson Company for 2019