Answer:
($3,478)
Explanation:
The above means that the amount of gain on sale of fixed asset should be deducted from net income so as to get the cash flow from the operating activities because it is an increase in net income for the period under review.
It is to be noted that where non cash expense such as depreciation is given, such will be added back while non cash revenue is deducted to arrive at the net cash flow from operating activities.
