signment \#11 (Ch12) i Help Save \& Exit Additional Information: 1. Operating expenses include depreciation expense of $10,000 2. Accounts Payable related to the purchase of inventory 3. Equipment that cost $12,500 was sold at a loss of $2,500 4. New equipment was purchased during the year for $8,500 5. Dividends declared and paid in 205 totaled $3,000 6. Common shares were sold for $12,000 cash 7. Interest payable in 205 was $800 greater than interest payable in 204 8. The company uses IFRS and do not treat dividends as part of operations Seaforce Manufacturing Inc. comparative balance sheet at December 31205 Seaforce Manufacturing Inc. comparative balance sheet at December 31205 What is the Accumulated Depreciation on machinery sold when the indirect method is used to prepare the cash flow statement? What is the Accumulated Depreciation on machinery sold when the indirect method is used to prepare the cash flow statement? Multiple Choice $15,500 $17,000 $8,000 $2,000 None of the other alternatives are correct