Exercise 12-6 The following three accounts appear in the general ledger of Cheyenne Corp. during 2017. Equipment Date Jan. 1 Blance July 31 Purchase of equipment Sept. 2 Cost of equipment constructed Nov. 10 Cost of equipment sold bit Credit Balance 544,000 782,000 962,200 166,600 795,600 De 238,000 180,200 Accumulated Depreciation-Equipment Date Jan. 1 Baance Nov. 10 Accumulated depreciation on equipment sold Dec. 31 Depreciation for year Credit Balance 241,400 187,000 95,200 282,200 Debit 54,400 Retained Earnings Date Jan. 1 Aug. 23 Dec. 31 Credit Balance 357,000 309,400 244,800 554,200 Debit Balance Dividends (cash) Net income 47,600 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 $27,200. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $180,200.) (Show amounts that decrease cash flow with eithera -sign e.g.-15,000 or in parenthesis e.g. (15,000).)