The following financial statements and additional information are reported.

IKIBAN INC. Comparative Balance Sheets June 30, 2017 and 2016
	2017				2016
Assets
Cash	$	105,700			$	47,000
Accounts receivable, net		69,500				54,000
Inventory		66,800				91,000
Prepaid expenses		4,700				6,000
Total current assets		246,700				198,000
Equipment		127,000				118,000
Accum. depreciationEquipment		(28,500	)			(10,500	)
Total assets	$	345,200			$	305,500
Liabilities and Equity
Accounts payable	$	28,000			$	34,500
Wages payable		6,300				15,600
Income taxes payable		3,700				4,400
Total current liabilities		38,000				54,500
Notes payable (long term)		33,000				63,000
Total liabilities		71,000				117,500
Equity
Common stock, $5 par value		226,000				163,000
Retained earnings		48,200				25,000
Total liabilities and equity	$	345,200			$	305,500

IKIBAN INC. Income Statement For Year Ended June 30, 2017
Sales				$	693,000
Cost of goods sold					414,000
Gross profit					279,000
Operating expenses
Depreciation expense	$	61,600
Other expenses		70,000
Total operating expenses					131,600
					147,400
Other gains (losses)
Gain on sale of equipment					2,300
Income before taxes					149,700
Income taxes expense					44,190
Net income				$	105,510

Additional Information

1. A $30,000 note payable is retired at its $30,000 carrying (book) value in exchange for cash.
2. The only changes affecting retained earnings are net income and cash dividends paid.
3. New equipment is acquired for $60,600 cash.
4. Received cash for the sale of equipment that had cost $51,600, yielding a $2,300 gain.
5. Prepaid Expenses and Wages Payable relate to Other Expenses on the income statement.
6. All purchases and sales of inventory are on credit.

Required:

(1) Prepare a statement of cash flows for the year ended June 30, 2017, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)

What I have so far. I am unsure of how to calculate the cash received from the equipment sale

IKIBAN, INC.
Statement of Cash Flows (Indirect Method)
For Year Ended June 30, 2017
Cash flows from operating activities
Net income	$105,510
Adjustments to reconcile net income to net cash provided by operating activities
Income statement items not affecting cash
Gain on sale of plant assets	(2,300)
Depreciation expense	61,600
Changes in current operating assets and liabilities
Increase in accounts receivable	(15,500)
Decrease in inventory	24,200
Decrease in prepaid expenses	1,300
Decrease in accounts payable	(6,500)
Decrease in wages payable	(9,300)
Decrease in income taxes payable	(700)
Net cash provided by operating activities		$158,310
Cash flows from investing activities
Cash received from sale of equipment
Cash paid for equipment	(60,600)
		(60,600)
Cash flows from financing activities
Cash paid for dividends
Cash paid to retire notes
Cash received from stock issuance
not attempted
Net cash used in financing activities		30,000
Net increase (decrease) in cash		$127,710
Cash balance at prior year-end
Cash balance at current year-end		$127,710