E13-6 The three accounts shown below appear in the general ledger of Cesar Corp.

E13-6 The three accounts shown below appear in the general ledger of Cesar Corp. during 2008.Equipment
Date Debit Credit Balance
Jan. 1 Balance 160000
July 31 Purchase of equipment 70000 230000
Sept. 2 Cost of equipment constructed 53000 283000
Nov. 10 Cost of equipment sold 49000 234000Accumulated Depreciation-Equipment
Date Debit Credit Balance
Jan. 1 Balance 71000
Nov. 10 Accumulated depreciation on
equipment sold 30000 41000
Dec. 31 Depreciation for year 28000 69000Retained Earnings
Date Debit Credit Balance
Jan. 1 Balance 105000
Aug. 23 Dividends (cash) 14000 91000
Dec. 31 Net income 67000 158000Instructions
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 $5000. (Hint: Cost of equipment
constructed is reported in the investing activities section as a
decrease in cash of $53000.)