9. purchase of merchandise inventory Problem You are analyzing information in preparation of the statement of cash flow. The following information is available regarding Equipment. Equipment Accumulated depreciation: equipment- In addition, the following is available: Balance 12/01/2022 8,000 1,500 Balance 12/31/2021 10,000 1.000 Equipment that originally cost $7,000 was sold. The income statement shows a gain on sale of equipment of $1,000. The income statement shows depreciation expense on equipment of $2,000. REQUIRED: a. What amount, if any, will be shown on the statement of cash flow for sale of equipment? b. What amount, if any, will be shown on the statement of cash flow for purchase of equipment? Show three journal entries (depreciation expense, sale of equipment, purchase of equipment) to support your answers