Exercise 23-19 The accounts below appear in the ledger of Flounder Company. Retained Earnings Dr. Cr. Bal. Jan. 1, 2017 Credit Balance $15,200 Aug. 15 Dec. 31 Dividends (cash) Net Income for 2017 $41,900 26,700 66,700 Nel $40,000 Equipment Dr. Cr. Debit Balance Jan. 1, 2017 Aug. 3 Purchase of Equipment Cost of Equipment Constructed Equipment Sold $62,500 48,200 Bal. $139,400 201,900 250,100 194,500 Sept. 10 Nov. 15 $55,600 Dr. Cr. Bal. Accumulated Depreciation- Equipment Credit Balance Major Repairs Jan. 1, 2017 Apr. 8 $20,800 24,900 $83,200 62,400 37,500 54,500 Nov. 15 Accum. Depreciation on Equipment Sold Aceum Dec. 31 Depreciation for 2017 $17,000 Prepare entries in journal form for all adjustments that should be made on a worksheet for a statement of cash flows. The loss on sale of equipment (November 15) was $5,700. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit (To record cash dividends.) (To record net income.) (To record depreciation expense.) (To record new Equipment.) (To record repairs.) (To record sale of Equipment.)