The following data are from a company's Automobile and the Accumulated Depreciation- Automobile accounts:  pg85 

The old auto was traded for a new one. v\ith the ditference in values paid in cash. The income statement for the year shows a loss on the exchange of autos of $ 1 ,200.
Indicate the dollar amounts, the descriptions of these amounts, and their exact locations in a statement of cash flows — indirect method.

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Automobile Date Debit Credit Balance Jan. 1 Balance brought forward 16.000 July 1 Traded for new auto 16,000 -0- New auto 31,000 31,000 Accumulated Depreciation-Automobile Jan 1 Balance brought forward July 1 One-half year's depreciation Auto traded Dec. 31 One-half year's depreciation 12.000 2,000 14.000 14,000 -0- 4,000 4,000