Exercise 17-6 The three accounts shown below appear in the general ledger of Herrick Corp. during 2017. Equipment Date Debit Credit Jan. 1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold 71,900 55,000 Balance 160,000 231,900 286,900 238,700 48,200 Credit Date Jan. 1 Nov. 10 Dec. 31 Accumulated Depreciation-Equipment Debit Balance Accumulated depreciation on equipment sold 30,700 Depreciation for year Balance 70,100 39,400 64,400 25,000 Retained Earnings Debit Credit Balance Date Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income 18,900 105,200 86,300 152,400 66,100 From the postings in the accounts, indicate how the information is reported on a statement of cash flows reported in the investing activities section as a decrease in cash of $55,000.) (Show amounts that des HERRICK CORP Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 152400 Adjustments to reconcile net income to ORH e Paw AB HERRICK CORP Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 152400 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 25000 Loss on Disposal of Equipment Net Cash Provided by Operating Activities Click if you would like to show Work for this question: Open Show Work ch Exercise 17-6 The three accounts shown below appear in the general ledger of Herrick Corp. during 2017. Equipment Date Debit Credit Jan. 1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold 71,900 55,000 Balance 160,000 231,900 286,900 238,700 48,200 Credit Date Jan. 1 Nov. 10 Dec. 31 Accumulated Depreciation-Equipment Debit Balance Accumulated depreciation on equipment sold 30,700 Depreciation for year Balance 70,100 39,400 64,400 25,000 Retained Earnings Debit Credit Balance Date Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income 18,900 105,200 86,300 152,400 66,100 From the postings in the accounts, indicate how the information is reported on a statement of cash flows reported in the investing activities section as a decrease in cash of $55,000.) (Show amounts that des HERRICK CORP Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 152400 Adjustments to reconcile net income to ORH e Paw AB HERRICK CORP Partial Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 152400 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 25000 Loss on Disposal of Equipment Net Cash Provided by Operating Activities Click if you would like to show Work for this question: Open Show Work ch