Part B. (6 marks) Equipment Acc. Depreciation Gain on disposal of equipment 2019 $300,000 144,000 5,000 2018 $240,000 96,000 Depreciation expense 60,000 48,000 Additional information: In 2019, the company acquired $75,000 of equipment for a $10,000 (cash) down payment, financing the remainder with a bank loan. Equipment was also sold in 2019. Required: Calculate the proceeds from the disposal of the equipment. Prepare the CFI section of the cash flow statement