1 of 1 < > View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. The following three accounts appear in the general ledger of Oriole Corp. during 2022. Date Jan. 1 Balance July 31 Purchase of equipment Sept. 2 Purchase of equipment Nov. 10 Cost of equipment sold Equipment Debit Credit Balance 158,100 71,800 52,300 229,900 282,200 51,000 231,200 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 71,000 Nov. 10 Accumulated depreciation on equipment sold 16,800 54,200 Dec. 31 Depreciation for year 24,700 78,900 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 104,600 Aug. 23 Dividends (cash dividends declared and paid) 17,300 87,300 Dec. 31 Net income 65,100 152,400 3.75/5 E III 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 disposal of plant assets was $7,600. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) 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 disposal of plant assets was $7,600. (Show amounts that decrease cash flow with either a -sign e.g.-15,000 or in parenthesis e.g. (15,000).) ORIOLE CORP Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Purchase of Equipment Net Cash Used by Investing Activities Net Cash Used by Financing Activities Payment of Cash Dividends Net Cash Used by Financing Activities eTextbook and Media Save for Later 24700 8100 25100 (124,100) (17,300) 65100 32800 97900 (99,000) (17,300) Attempts: 1 of 5 used Submit