The T-accounts for Equipment and the related Accumulated Depreciation Equipment for Goldstone Company at the end of

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The T-accounts for Equipment and the related Accumulated Depreciation—

Equipment for Goldstone Company at the end of 2017 are shown here. LO11 Equipment Accum. Depr.—Equipment Beg. bal. 80,000 Disposals 22,000 Disposals 5,100 Beg. bal. 44,500 Acquisitions 41,600 Depr. exp. 12,000 End. bal. 99,600 End. bal. 51,400 In addition, Goldstone’s income statement reported a loss on the disposal of plant assets of $3,500. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?

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