Exercise 17-07 The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Date Jan. 1 July 31 Balance Purchase of equipment Sept. 2 Cost of equipment constructed Nov. 10 Cost of equipment sold Debit Credit Balance 161,400 68,000 229,400 54,600 284,000 48,000 236,000 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Nov. 10 Dec. 31 Balance 70,300 Accumulated depreciation on equipment sold Depreciation for year 28,500 41,800 23,500 65,300 Date Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income Retained Earnings Debit Credit Balance 104,400 16,300 67,900 88,100 156,000 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 $5,100. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $54,600.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)