Financial Accounting: BE13-7 The T accounts for Equipment and the related Accumulated Depreciation

Financial Accounting

BE13-7
The T accounts for Equipment and the related Accumulated Depreciation for Pettengill Company at the end of 2012 are shown here.
Equipment Accumulated Depreciation
Beg. bal. 80,000 | Disposals 22,000 Disposals 5,500|Beg. bal. 44,500
Acquisitions 41,600 Dep. exp. 12,000
End. bal. 99,600 End. bal. 51,000

In addition, Pettengill Company's income statement reported a loss on the sale of equipment of $5,500. What amount was reported on the statement of cash flows as "cash flow from sale of equipment"?
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