Presented below are three accounts that appear in the general ledger of Roberta Dupre Eorp. during 1996:

Instructions From the postings in the accounts above, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on sale of equipment was \(\$ 6,000\). Hint: Purchase of equipment is reported in the investing activities section as a decrease in cash of \(\$ 70,000\).

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Equipment Date Jan. 1 July 31 Sept. 2 Debit Credit Balance Balance 160,000 Purchase of equipment 70,000 230,000 ICost of equipment constructed 53,000 283,000 Nov. 10 Cost of equipment sold 45,000 238,000