Question - The following are facts about the activities of Howard Company. Cash Flows from Operating Activities was $44,410. Net Income was $40,390. Cash Flows from Financing Activities was $18,360. Cash was $83,690 at the beginning of the year was $147,390 at the end of the year. One piece of equipment was sold for $13,400, which includes a $540 loss. A second piece of equipment was purchased for cash. Based on these facts, what was the equipment's purchase price?