During two recent years, Perez Construction, Inc., disposed of the following plant and equipment:

Year 1 Year 2

Plant and equipment (at cost) $75,100 $13,700

Accumulated depreciation on equipment disposed of $40,585 $3,873

Cash received $18,064 $12,363

Gain (loss) on sale $(16,451) $2,536

Determine the cash flow from the sale of property for each year that would be reported in the investing activities section of the cash flow statement. (List cash outflows as negative amounts.)

Perez Construction

Perez Construction	Year 1	Year 2
Cash Flow from Activities
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