The accounts below appear in the ledger of Popovich SA.

Instructions
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.

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Retained Earnings Bal. Dr. Cr. € 42,000 Jan. 1, 2019 Credit Balance Dividends (cash) 27,000 Aug. 15 €15,000 Dec. 31 Net Income for 2019 €50,000 77,000 Cr. Equipment Dr. Bal. €140,000 Jan. 1, 2019 Debit Balance Apr. 8 €21,000 Major Repairs 161,000 Purchase of Equipment Aug. 3 62,000 223,000 271,000 Sept. 10 Cost of Equipment Constructed 48,000 Nov. 15 Equipment Sold €66,000 205,000 Accumulated Depreciation-Equipment Cr. Dr. Bal. € 84,000 Jan. 1, 2019 Credit Balance Nov. 15 €25,200 Accum. Depreciation on Equipment Sold 58,800 Dec. 31 Depreciation for 2019 €16,800 75,600