Presented below are three accounts that appear in the general ledger of Karen Weller Co. during 2006.

Instructions From the postings in the accounts above, indicate how the information is reported on a statement of cash flows bj preparing a partial statemenl of casta flows using the indirect method.
1'hc loss on sale oi equipment w.is $6,000

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Equipment Debit Credit Balance 160,000 70,000 230.000 53,000 283,000 45,000 238,000 Date Jan. 1 July 31 Balance Purchase of equipment Sept. 2 Cost of equipment constructed Nov. 10 Cost of equipment sold Accumulated Depreciation-Equipment Date Jan. 1 Debit Credit Balance Balance 71.000 Nov. 10 Accumulated depreciation on equipment sold 35,000 36.000 Dec. 31 Depreciation for year 24.000 60,000 Retained Earnings Date Jan. 1 Aug. 23 Debit Credit Balance Balance Dividends (cash) Dec. 31 Net income 105.000 14.000 91.000 61.000 152.000