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The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Novak Company at the end of 2022 are shown here. Beg. bal. Acquisitions 42,300 End.bal.
The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Novak Company at the end of 2022 are shown here. Beg. bal. Acquisitions 42,300 End.bal. Equipment Disposals 75,700 Disposals 22,100 95,900 Accumulated Depreciation Equipment 6,000 Beg. bal. 43,400 Depr. exp. 13,600 End. bal. 51,000 In addition, Novak's income statement reported a loss on the disposal of plant assets of $3,000. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amount that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)
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