Prepare financial statements. (LO 6)

For each of the following, give the financial statement on which it would appear.

a. Book value of fixed assets of \(\$ 56,900\)

b. Proceeds from sale of fixed assets of \(\$ 20,000\)

c. Loss on sale of fixed assets of \(\$ 12,500\)

d. Accumulated depreciation on equipment of \(\$ 10,000\)

e. Depreciation expense on equipment of \(\$ 2,000\)

f. Impairment write-down on assets of \(\$ 45,000\)