Exercise 13-6 The three accounts shown below appear in the general ledger of Herrick Corp. during 2015. Equipment Date Debit Credit Jan. 1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold 68,250 51,430 Balance 160,610 228,860 280,290 231,730 48,560 Date Credit Jan. 1 Nov. 10 Dec. 31 Accumulated Depreciation Equipment Debit Balance Accumulated depreciation on equipment sold 29,920 Depreciation for year Balance 71,190 41,270 70,420 29,150 Retained Earnings Date Debit Credit Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income Balance 105,120 92,620 171,610 12,500 78,990 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 equipment was $5,150. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $51,430.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)