From the postings in the accounts, indicate how the information is reported on a statement of ca flows using the indirect method. The loss on sale of equipment was $5,000. (Hint: Cost of equipme constructed is reported in the investing activities section as a decrease in cash of $58,000.) E13-5B Costas Corporation's comparative balance sheets are presented below. COSTAS CORPORATION Comparative Balance Sheets December 31 2008 2007 Cash $ 19,300 $ 10,700 Accounts receivable 21,200 23,400 Land 20,000 26,000 Building 70,000 70,000 Accumulated depreciation (15,000) (10,000) Total $115,500 $120,100 Accounts payable $ 17,370 $ 31,100 Common stock 75,000 69,000 Retained earnings 23,130 20,000 Total $115,500 $120,100 Additional information: 1. Net income was $27,630. Dividends declared and paid were $24,500. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $3,900