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Question 3 of 10 < > View Policies -/1 Current Attempt in Progress The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo
Question 3 of 10 < > View Policies -/1 Current Attempt in Progress The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. Equipment Beg. bal. 79,800 Disposals 23,700 Acquisitions 37,400 End. bal. 93,500 Accumulated Depreciation-Equipment Disposals 8,200 Beg. bal. 44,500 Depr. exp. 12,200 End. bal. 48,500 In addition, Luo's income statement reported a loss on the disposal of plant assets of $7,000. 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 $
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