The following three accounts appear in the general ledger of Beiber Corp. during 2022. 

Instructions 

From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on disposal of plant assets was $8,000.

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Equipment Debit Credit Balance Date Jan. Balance 160,000 230,000 July 31 Sept. 2 Nov. 10 Purchase of equipment Cost of equipment constructed Cost of equipment sold 70,000 53,000 283,000 49,000 234,000 Accumulated Depreciation-Equipment Debit Date Credit Balance Jan. Balance 71,000 Nov. 10 Accumulated depreciation on equipment sold Depreciation for year 16,000 55,000 Dec. 31 28,000 83,000 Retained Earnings Debit Credit Balance Date Jan. Balance 105,000 Dividends (cash) 14,000 91,000 Aug 23 Net income Dec. 31 72,000 163,000