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How much cash did han company receive from the sale

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Question - The following data came from the balance sheet of Han Company as of December 31, 20X2.

Dec. 31, 20X2 Dec. 31, 20X1

Machine $3,500 $2,950

Accumulated depreciation on machines 1,400 1,300

Cash 135 180

The following additional data were found in Han Company's financial statements for 20X2.

Sales $10,000

Cash dividends paid 65

New machine purchases (for cash) 1,000

Net income 300

Depreciation expense 270

Gain on sale of old machines 140

How much cash did Han Company receive from the sale of old machines during the year? (Assume that all machine sales were cash transactions.)

$210

$420

$490

$590

$360

Reference no: EM131625534

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