The T-accounts for Equipment and the related Accumulated Depreciation?Equipment for Luo Company at the end of 2020 are shown here.

In addition, Luo?s income statement reported a loss on the disposal of plant assets of $6,500. What amount was reported on the statement of cash flows as ?cash flow from sale of equipment??

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Equipment Accumulated Depreciation- Equipment 5,500 Beg. bal. Depr. exp. End. bal. Beg. bal. Acquisitions 41,600 End. bal. 80,000 Disposals 22,000 Disposals 44,500 12,000 99,600 51,000