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Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $202,500 and on

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Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that office equipment, which cost $202,500 and on which accurated depreciation totaled $84,375 on the date of sale, was sold for $101,250 during the Year Using this information, indicate the items to be reported on the Matement of cash flows Transaction Section of Statement of Cash Flows Added or Deducted 5202,500 cost of office equipment Cash flows from operating activities X Added 564,375 accumulated depreciation Cash flows from operating activities X Deducted X 3101,250 sales price Cash flows from financingtivities X Added $16,675 loss on sale of eniment Cash flows from operating activities Added (assume the indirect muthod is used)

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