The T accounts for equipment and the related accumulated depreciation for Wildhorse Corporation are as follows:

Equipment							Accumulated DepreciationEquipment
Beg. bal.		80,000								Beg. bal.		44,500
Purchases		41,600	Disposals		24,140		Disposals		5,540	Depreciation		12,200
End. bal.		97,460								End. bal.		51,160

In addition, Wildhorses income statement reported a loss on the sale of equipment of $1,970. What will be reported on the cash flow statement with regard to the sale of equipment if Wildhorse uses the indirect method? (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Operating activities:
Gain on sale of equipmentPurchase of equipmentSale of equipmentLoss on sale of equipment	$
Investing activities:
Loss on sale of equipmentSale of equipmentPurchase of equipmentGain on sale of equipment	$