The three accounts shown below appear in the general ledger of Jurena Corp. during 2012.

InstructionsFrom the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on sale of equipment was $8,000.

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Equipment Debit Credit Balance Date Balance 160,000 Jan. 1 Purchase of equipment Cost of equipment constructed Cost of equipment sold July 31 Sept. 2 Nov. 10 70,000 230,000 53,000 283,000 234,000 49,000 Accumulated Depreciation-Equipment Debit Credit Balance Date Balance 71,000 Jan. 1 Nov. 10 Accumulated depreciation on equipment sold Depreciation for year 16,000 55,000 Dec. 31 28,000 83,000 Retained Earnings Debit Credit Balance Date Balance Jan. 105,000 Aug. 23 Dec. 31 Dividends (cash) 14,000 91,000 163,000 Net income 72,000