The T accounts for Equipment and the related Accumulated Depreciation for Anastacia Company at the end of 2012 are shown here.
|
Equipment
|
Accumulated Depreciation
|
|
Beg. bal.
|
80,000
|
Disposals
|
22,000
|
Disposals
|
5,100
|
Beg. bal.
|
44,500
|
|
Acquisitions
|
41,600
|
|
|
|
|
Depr. exp.
|
12,000
|
|
End. bal.
|
99,600
|
|
|
|
|
End. bal.
|
51,400
|
In addition, Anastacia Company"s income statement reported a loss on the sale of equipment of $3,500. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"?