Case 5 The three accounts shown below appear in the general ledger of Dijkgraaf Corp. during 2017. Date Jan. 1 Balance July 31 Purchase of equipment Sept. 2 Cost of equipment constructed Nov. 10 Cost of equipment sold Credit Balance 160,000 230,000 288,000 46,000 242,000 Debit 70,000 58,000 Accumulated Depreciation Equipment Date Jan. 1 Balance Nov. 10 Accumulated depreciation on Debit Credit Balance equipment sold Depreciation for year 41,000 23,000 64,000 Dec. 31 Retained Earnings Debit Date Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income Credit Balance 105,000 14,000 2,000 143,000 Required Prepare a (partial) statement of cash flows for the year ended 2017, using the indirect method and based on the information given. Distinguish between operating, investing and financing activities. The loss on sale of equipment was $5,000. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $58,000.)