The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Oriole Company at the end of...

 

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The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Oriole Company at the end of 2022 are shown here. Beg bal. Acquisitions End, bal. Disposals Equipment 124,000 Disposals 64,480 154,380 Accum. Depr.-Equipment 7.905 Beg bal. Depr. exp. End, bal, 34,100 Cash flow from sale of equipment $ 68,975 18,600 79,670 In addition, Oriole Company's income statement reported a loss on the disposal of plant assets of $5,425. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Oriole Company at the end of 2022 are shown here. Beg bal. Acquisitions End, bal. Disposals Equipment 124,000 Disposals 64,480 154,380 Accum. Depr.-Equipment 7.905 Beg bal. Depr. exp. End, bal, 34,100 Cash flow from sale of equipment $ 68,975 18,600 79,670 In addition, Oriole Company's income statement reported a loss on the disposal of plant assets of $5,425. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).)

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