Echt Manufacturing Sold Equipment That Originally Cost $78,400 for $54,300

Echt Manufacturing sold equipment that originally cost $78,400 for $54,300 cash on April 1, 2019. This equipment was purchased on January 2, 2017, had a salvage value of $8,400, a useful life of ten years, and was depreciated under the straight-line method of depreciation. How will this transaction be reported on Echt's 2019 Income Statement? How will this transaction be reported on the Statement of Cash Flows for 2019? (Assume that the indirect method was used.)