Accounts

Prorok Music Inc. decides to sell an old piece of equipment and receives $5,000 cash for it. The original cost of the equipment was $50,000 and it had accumulated depreciation of $47,000 associated with it. Which ofthe following items would be increased by the sale of the old equipment? (check all that apply) 1.Total Assets 2.Net Income 3.Cash from Investing Activities 4.Accumulated Other Comprehensive Income 5.Cash from Financing Activities