The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Goldstone Company at the end of 2022 are shown here. 

In addition, Goldstone’s income statement reported a loss on the disposal of plant assets of $3,500. What amount was reported on the statement of cash flows as “cash flow from sale of equipment”?

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Accum. Depr.-Equipment Disposals Equipment Beg. bal. Depr. exp. End. bal. Beg. bal. Acquisitions End. bal. Disposals 5,100 22,000 44,500 12,000 51,400 80,000 41,600 99,600