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The T accounts for equipment and the related accumulated depreciation for Carla Vista Corporation are as follows: Equipment Accumulated DepreciationEquipment Beg. bal. 80,000 Beg. bal.

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

Equipment Accumulated DepreciationEquipment
Beg. bal. 80,000 Beg. bal. 44,500
Purchases 41,600 Disposals 23,670 Disposals 5,120 Depreciation 12,170
End. bal. 97,930 End. bal. 51,550

Operating activities:
Purchase of equipmentSale of equipmentLoss on sale of equipmentGain on sale of equipment $
Investing activities:
Sale of equipmentLoss on sale of equipmentGain on sale of equipmentPurchase of equipment $

In addition, Carla Vistas income statement reported a loss on the sale of equipment of $1,470. What will be reported on the cash flow statement with regard to the sale of equipment if Carla Vista uses the indirect method?

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