The T accounts for Equipment and the related Accumulated Depreciation—Equipment for Ada Company at the end of 2012 are shown here.
|
Equipment |
|||
|
Beg. bal. |
80,000 |
Disposals |
22,000 |
|
Acquisitions |
41,600 |
||
|
End. bal. |
99,600 |
||
|
Accumulated Depreciation—Equipment |
|||
|
Disposals |
5,500 |
Beg. bal. |
44,500 |
|
Depr. exp. |
12,000 |
||
|
End. bal. |
51,000 |
||
In addition, Ada Company’s income statement reported a loss on the sale of equipment of $5,500. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?