(The following information applies to the questions displayed below.)
Additional information regarding transactions occuring during Year 2:
1. Investment securities that had cost 5,520 were sold. The year 2 income statement contained a loss on the sale of investment securities of $420.
2. Equipment with a cost of $46,500 was purchased.
3. The income statement showed a gain on the sale of equipment of $6,100. On the date of sale, accumulated depreciation on the equipment sold amounted to $6,600.
4. A building that had originally cost $175,500 was demolished.
5. Land that had cost $25,600 was sold for $21,500.
c. Determine the cost of the equipment that was sold during Year 2.
Required information [The following infomation applies to the questions displayed below.] The following information was drawn from the year-end balance sheets of Mass Trading Company. Additional information regarding transactions occurring during Year 2 : 1. Investment securities that had cost $5,520 were sold. The Year 2 income statement contained aloss on the sale of irvestment securities of $420. 2. Equipment with a cost of $46,500 was purchased. 3. The income statement showed a gain on the sale of equipment of $6.100. On the date of sale. accumulated depreciation on the equipment sold amounted to $6,600 4. A building that had originally cost $175.500 was demolished. 5. Land that had cost $25,600 was sold for $21,500 c. Determine the cost of the equipment that was sold during Year 2 
