Exercise 13-6 The three accounts shown below appear in the general ledger of Herrick Corp. during 2015 Equipment Debit Credit Balanc ate Jan. 1 Balance 159,200 228,820 July 31 Purchase of equipment 69,620 Sept. 2 Cost of equipment constructed 282,800 53,980 Nov. 10 Cost of equipment sold 49,430 233,370 Accumulated Depreciation-Equipment Debit Credit Balanc ate Jan. 1 Balance 69,130 Nov. 10 Accumulated depreciation on equipment sold 29,020 40,110 Dec. 31 Depreciation for year 26,540 66,650 Retained Earnings Debit Credit Balanc ate 105,050 Jan. 1 Balance 90,500 Aug. 23 Dividends (cash) 14,550 Dec. 31 Net income 76,690 167,190 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 $4,630. (Hint: Cost of equipment constructed is reported in the invsting activities section as a decrease in cash of $53,980.) (Show amounts that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.g. (15,000).) HERRICK CORP Partial Statement of Cash Flows For the Year Ended December 31, 2015 Adjustments to reconcile net income to