Date Debit Credit Balance Jan. 1 Balance 158,100 July 31 70,300 228,400 Sept. 2 Purchase of equipment Cost of equipment constructed Cost of equipment sold 54.200 282,600 Nov. 10 48,100 234,500 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 71.500 Nov. 10 Balance Accumulated depreciation on equipment sold Depreciation for year 30.000 41.500 Dec 31 24,000 65.500 Retained Earnings Debit Credit Balance Date 104,600 Jan. 1 Balance 17.200 87,400 Aug. 23 Dividends (cash) 66,400 153,800 Dec 31 Net income 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 $4,500. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $542003 (Show amounts that decrease cash flow with either a-signes. -15,000 or in parenthesis es (15,000 For the Year Ended December 31, 2020 Cash Flows from Operating Activities 66400 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities 24,000 Depreciation Expense 0 Loss on Disposal of Plant Assets 24000 90/400 Net Cash Used tv Operatine Activities 3:45 P NE