Exercise 12-6 The following three accounts appear in the general ledger of Grouper Corp. during 2017 n.1 Balance July 31 Purchase of equipment Sept. 2 Cost of equipment constructed Nov. 10 Cost of equipment sald 229,670 173,893 754,630 928,523 160,769 767,754 an. 1 Balance Nov. 10 Accumulated depreciation on equipment sold 52,496 Dec. 31 Depreciation for year 232,951 190,4SS 91,868 272,323 an.I Balance Aug. 23 Dividends (cash) Dec. 31 Net income 45,934 298,571 236,232 534,803 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 $26,248. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $173,893.) (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 For the Year Ended December 31, 2017 Cash Flows from Operating Activities 236, Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activitics 1,8 Depreciation Expense Loss on Disposal of Plent Assets 160, Not 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 Payment of Cash Dividends