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help!! Determining Cash Flows from Investing Activities Burns Company's 2019 and 2018...

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Determining Cash Flows from Investing Activities Burns Company's 2019 and 2018 balance sheets presented the following data for equipment: During the year, equipment costing $35,000 with accumulated depreciation of $30,475 was sold for cash, producing a $4,000 gain. Required: 1. Calculate the amount of depreciation expense. 2. Calculate the amount of cash spent for equipment. 3. Calculate the amount that should be included as a cash inflow from the disposal of equipment

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