Brief Exercise 17-07

The T-accounts for Equipment and the related Accumulated DepreciationEquipment for Luo Company at the end of 2020 are shown here.

Equipment
Beg. bal.	75,000	Disposals	20,000
Acquisitions	36,000
End. bal.	91,000
Accumulated DepreciationEquipment
Disposals	8,000	Beg. bal.	40,000
		Depr. exp.	10,000
		End. bal.	42,000

In addition, Luos income statement reported a loss on the disposal of plant assets of $6,000. 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 equipment

$