cash flow statement 457629

Aug 29, 2021 | Uncategorized

The T accounts for equipment and accumulated depreciation for Trevis Ltd. are shown here:

Equipment

Beg. Bal 80,000 Disposals 23,000
Acquisitions 41,600
End Bal. 98,600
Accumulated Depreciation Equipment

Disposals 5,500 Beg. Bal. 44,500
Depreciation 12,000
End Bal. 51,000

In addition, Trevis’ statement of earnings reported a $2,300 loss on the sale of equipment.

What amount was reported on the cash flow statement as “cash provided by sale of equipment”? $