A machine with a cost of $100,000 and accumulated depreciation of $98,000 is sold for $70,000 cash.

1.

A machine with a cost of $100,000 and accumulated depreciation of $98,000 is sold for $70,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is _____.

$2,000

$68,000

$98,000

$100,000

$70,000