The T accounts for equipment and accumulated depreciation for Depravity Ltd are shown here:

Equipment

Debit Credit

Beg. Balance 160,000 Disposals 40,000

Acquisitions 80,000

End balance 200,000

Accumulated Depreciation Equipment

Debit	Credit
Disposals 11,000	Beg. Balance 89,000
	Depreciation 40,000
	End. Balance 118,000

In addition, Depravity reported on its I/S a loss of $3,000 on the disposal of the equipment

Required:

1. What amount was reported on CFS as Cash provided by the disposal of equipment?

7 marks

2. Where on CFS, if any, is the loss reported? Explain

5 marks