Reporting changes in equipment on statement of cash flows An analysis of the general ledger accounts indicates that office equipment, which cost $280,000 and on which accumulated depreciation totaled $153,900 on the date of sale, was sold for $108,200 during the year. Using this information, indicate the items to be reported on the statement of cash flows. Transactions Section of Statement of Cash Flows $280,000 cost of office equipment $153,900 accumulated depreciation $108,200 sales price $17,900 loss on sale of equipment (assume the indirect method is used) Added or Deducted

Reporting changes in equipment on statement of cash flows An analysis of the general ledger accounts indicates that office equipment, which cost $280,000 and on which accumulated depreciation totales $153,900 on the date of sale, was sold for $108,200 during the year. Using this information, indicate the items to be reported on the statement of cash flows