Question: Brief Exercise 17-07 Your answer is incorrect. Try again. The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end

Brief Exercise 17-07 Your answer is incorrect. Try again. The T-accounts for Equipment and the related Accumulated Depreciation-Equipment for Luo Company at the end of 2020 are shown here. Beg. bal. Acquisitions Equipment 81,500 Disposals 39,800 23,800 End. bal. Accumulated Depreciation-Equipment 97,500 Disposals 8,400 Beg. bal. 41,200 Depr. exp. End. bal. 14,700 47,500 In addition, Luo's income statement reported a loss on the disposal of plant assets of $6,400. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"? (Show amount that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Cash flow from sale of equipment 5600 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT

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