(Solution) - The following information was taken from the 2012 financial records of -(2025 Original AI-Free Solution)

Paper Details

The following information was taken from the 2012 financial records of Price Restaurant Supply Company:

The company sold a piece of plant equipment for cash that had originally cost $100,000. The accumulated depreciation associated with the equipment at the time of sale was $20,000.
Required
Prepare a statement of cash flows for the year ended December 31, 2012, using both the direct and indirectmethods.