Accounting

Shoemaker Company purchased a machine on January 1, 2009, for $85,000 in cash. On June 30, 2010, Shoemaker sold the machine at a loss of $5,000. Accumulated depreciation as of June 30, 2010, was $21,250.

What is the cash flow shown in the investing section of the statement of cash flows in 2010?

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What adjustment is needed to the net income using the indirect method in the operating section of the statement of cash flows in 2010?

Ruchala had $54,900 in its Equipment account at the beginning of 2010. The beginning balance of Accumulated Depreciation—Equipment was $9,000 at that time. During 2010, Ruchala recorded depreciation expense of $23,500 and sold a piece of equipment for $2,500 resulting in a gain of $1,500. At the end of 2010, the Equipment account had a balance of $63,100 and the balance in the Accumulated Depreciation—Equipment account was $14,000.

What was the amount of equipment purchases that Ruchala made during 2010?

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