During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the company's accounting records: From the Income Statement Depreciation expense...

please show formulas and work for each answer. please calculate cash received from sale

Extracted text: During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the company's accounting records: From the Income Statement Depreciation expense Loss on sale of equipment From the Balance Sheet Beginning equipment Ending equipment Beginning accumulated depreciation Ending accumulated depreciation 990 4, 000 19,100 11,800 1,950 1,798 No new equipment was bought during the period. Required: 1. For the equlpment that was sold, determine its original cost, Its accumulated depreciation, and the cash received from the sale. (Use the equipment and accumulated depreciation T-accounts to infer the book value of the equipment sold.) Cost of oquipment sold 7,300 Accumulated depreciation on sold equipment 1,150 Cash received from sale 2. Sanchez Company uses the Indirect method for the Operating Activities section of the cash flow statement. What amount related to the sale would be added or subtracted in the value.) tion of Net Cash Flows from Operating Activities?(Input the amount as positive The loss 2$ 4,000 would be added 3. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Investing Activities? (Input the amount as positive value.) The cash inflow Ewould be added