The three accounts shown below appear in the general ledger of Chaudry NV during 2020.

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 €5,000.

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Equipment Date Debit Credit Balance Jan. 1 Balance 160,000 July 31 Sept. 2 Purchase of equipment Cost of equipment constructed Cost of equipment sold 70,000 230,000 283,000 53,000 Nov. 10 49,000 234,000 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. Balance 71,000 Nov. 10 Accumulated depreciation on equipment sold Depreciation for year 28,000 43,000 Dec. 31 23,000 66,000 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 105,000 Dividends (cash) 17,000 Aug. 23 88,000 Dec. 31 Net income 67,000 155,000