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Required Information The following information applies to the questions displayed below! The following Information was...

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Accounting

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Required Information The following information applies to the questions displayed below! The following Information was drawn from the year-end balance sheets of Mass Trading Company Account Title Investet securities Equipment Building Land Year 36,000 217,000 845,500 98,50 Year 5 216, 219, 051, 57. INN Additional Information regarding transactions occurring during Year 2 1. Investment Securities that had cost $6.090 were sold. The Year 2 income statement contained a loss on the sale of Investment securities of $420 2. Equipment with a cost of $45.000 was purchased 3. The income statement showed again on the sale of equipment of $4100. On the date of sale, accumulated depreciation on the equipment sold amounted to $6.100 4. A building that had originally cost $177,000 was demolished 3. Land that had cost $25100 was sold for $21,000. 1. Determine the amount of cash flow for the purchase of land during Year 2 hand

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