The following three accounts appear in the general ledger of Beiber Corp. during 2022.

Instructions

From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the indirect method. The loss on disposal of plant assets was $8,000.

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