The three accounts shown below appear in the general ledger of Bennis Corp. during 2011.

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 sale of equipment was$5,000.

Equipment Debit Date Jan. Balance July Purchase of equipment Sept. 2 Cost of equipment constructed Nov. 10 Cost of equipment sold Credit Balance 160,000 230,000 283,000 49,000 234,000 70,000 53,000 Accumulated Depreciation-Equipment Debit Date Jan. Balance Nov. 10 Accumulated depreciation on Credit Balance 71,000 41,000 equipment sold 30,000 Dec. 3 Depreciation for year 28,000 69,000 Retained Earnings Debit Date Jan. Balance Aug. 23 Dividends (cash) Dec. 31 Net income Credit Balance 105,000 91,000 158,000 14,000 67,000