Question: The accounts below appear in the ledger of Popovich Company. From the postings in the accounts above, indicate how the information is reported on a

The accounts below appear in the ledger of Popovich Company. From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a partial statement of cash flows using the indirect method. The loss on sale of equipment (November 15) was$5,800.

Jan. 1, 2010 Aug. 15 Dec. 31 Jan. 1, 2010 Aug. 3

Jan. 1, 2010 Aug. 15 Dec. 31 Jan. 1, 2010 Aug. 3 Sept. 10 Nov. 15 Jan. 1, 2010 Apr. 8 Nov. 15 Dec. 31 Retained Earnings Credit Balance Dividends (cash) Net Income for 2010 Machinery Debit Balance Purchase of Machinery Cost of Machinery Constructed Machinery Sold Accumulated Depreciation- Machinery Credit Balance Extraordinary Repairs Accum. Depreciation on Machinery Sold Depreciation for 2010 Dr. $15,000 Dr. $62,000 48,000 Dr. $21,000 25,200 Cr. $50,000 Cr. $66,000 Cr. $16,800 Bal. $ 42,000 27,000 77,000 Bal. $140,000 202,000 250,000 184,000 Bal. $ 84,000 63,000 37,800 54,600

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