a company reported a loss on sale of equipment of $7 for the year ended. The sales of equipment were all in cash.

Calculate the proceed from the sale of equipment on the cash flow statement.

Equipment Date Debit Credit Beginning of the year balance 490 2020/03/02 43 2020/04/05 7 2020/06/08 50 2020/07/18 49 2020/09/21 45 End of year balance ??? Accumulated Depreciation - Equipment Date Debit Credit Beginning of the year balance 242 2020/06/08 16 2020/07/18 21 2020/12/31 17 End of year balance