Emerald Company owned equipment with a book value of $128,500 that was sold during this accounting period far $32:00 in cash, and purctased new equipment for cash of $148,800. Emerald Company would record a debit of: Multiple Choice $148,800 and a credit of $32,00 to the cash account for a net cash infow of $16700. $148,800 and a credit of $96,400 to the cash account fot a net castinfiow of $52,400. $32,100 and a credit of $148,800 to the cash account for a net cash outhow of $115700. $96,400 and a credit of $148,800 to the casn account for a net cash outflow o1 $52.400.