Current Allempl III PIUgress The following three accounts appear in the general ledger of Sage Hill Inc. during 2022. Equipment Date Debit Credit Balance Jan. 1 Balance 184,000 July 31 Purchase of equipment 80,500 264,500 Sept. 2 Cost of equipment constructed 60,950 325,450 269,100 Nov. 10 Cost of equipment sold 56,350 Accumulated Depreciation Equipment Date Debit Credit Balance Jan. 1 Balance 81,650 Nov. 10 Accumulated depreciation on equipment sold 18,400 63,250 Dec. 31 Depreciation for year 32,200 95,450 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 120,750 Aug. 23 Dividends (cash) 16,100 104,650 Dec. 31 Net income 82,800 187,450 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 $9,200. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $60,950.) (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Partial Statement of cash flows Adjustments to reconcile net income to