Rowland Ltd. sold equipment that cost $ 76,000 and had a carrying value of $ 44,000 for $52,000. Data from the corporation's comparative statements of financial position are:

Dec 31/20 Dec 31/19

Equipment $ 500,000 $ 432,500

Accumulated depreciation 120,000 85,000

Instructions

Rowland Limited is a private company who prepares their cash flow statement under ASPE using the indirect method. Based on the above information, identify all the items that must be reported on the cash flow statement, their amounts, and where and how they should be presented. Show all calculations.