Problem:
An analysis of the general ledger accounts indicates that equipment, which had cost $50,000 and on which accumulated depreciation totaled $46,000 on the date of sale, was sold for $6,000 during the year.
Required:
Question: Show the dollar amount and the type of activity (operating, financing, or investing,) for the above items on the Statement of Cash Flows.
Note: Please show the work not just the answer.