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What amount was reported on the statement of cash flows

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Reference no: EM13546210

The T-accounts for Equipment and the related Accumulated Depreciation for Stone Kitchen Equipment Company at the end of 2008 are as follows.

Equipment

Equipment

Accumulated Depreciation

Equipment

              

Beg. bal.

80,000

Disposals

22,000

Disposals

5,500

Beg. bal.

44,500

Acquisitions

41,600

        

Depr.

12,000

End. bal.

99,600

        

End. bal.

51,000

Stone Kitchen Equipment Company's income statement reported a loss on the sale of equipment of $4,900. What amount was reported on the statement of cash flows as "cash flow from sale of equipment.

Reference no: EM13546210

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