Credit Date Jan. 1 July 31 Sept. 2 Nov. 10 Balance 192,000 276,000 339,600 280,800 58,800 Credit Date Jan. 1 Nov. 10 Dec. 31 Equipment Debit Balance Purchase of equipment 84,000 Cost of equipment constructed 63,600 Cost of equipment sold Accumulated Depreciation-Equipment Debit Balance Accumulated depreciation on equipment sold 19,200 Depreciation for year Retained Earnings Debit Balance Dividends (cash) 16,800 Net income Balance 85,200 66,000 99,600 33,600 Credit Date Jan. 1 Aug. 23 Dec. 31 Balance 126,000 109,200 195,600 86,400 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 $9,600. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $63,600.) (Show amounts that decrease cash flow with either a-signeg. -15,000 or in parenthesis eg. (15,000.) Pronghorn Corp Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 84,000 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 Construction of Equipment Purchase of Equipment Net Cash used by Investing Activities Cash Flows from Financing Activities Il Payment of Cash Dividends