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Brief Exercise 17-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. 20.100 Equipment

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Brief Exercise 17-07 The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. 20.100 Equipment Beg. bal 78,400 Disposals Acquisitions 45,400 End. bal. 103,700 Accumulated Depreciation Equipment Disposals 8,300 Beg. bal. Depr. exp. End. bal. 46.900 11,200 49,800 In addition, Luo's income statement reported a loss on the disposal of plant assets of $5,400. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flow from sale of equipments Click if you would like to Show Work for this question: Open Show Work

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