QuestionAn analysis of the general ledger accounts indicates that office equipment, which cost $\$ 280,000$ and on which accumulated depreciation totaled $\$ 153,900$ on the date of sale, was sold for $\$ 108,200$ during the year.
Using this information, indicate the items to be reported on the statement of cash flows.
Transactions $\$ 280,000$ cost of office equipment \$153,900 accumulated depreciation$\$108,200$ sales price $\$ 17,900$ loss on sale of equipment (assume the indirect method is used)
Section of Statement of Cash Flows $\square$ $\square$ $\square$ $\square$
Added or Deducted $\square$ $\square$ $\qquad$ $\qquad$