*Exercise 23B-18 The accounts below appear in the ledger of Larkspur Company. Retained Earnings Dr. Bal Jan. 1, 2017 Credit Balance Aug. 15 Dec. 31 Dividends (cash) Net Income for 2017 $42,100 27,000 $40,300 67,300 $15,100 Bal. $139,300 201,600 250,100 Equipment Dr. Jan. 1, 2017 Debit Balance Aug. 3 Sept. 10 Nov. 15 Purchase of Equipment Cost of Equipment Constructed Equipment Sold $62,300 48,500 $55,500 194,600 Accumulated Depreciation Dr. Cr. Bal. Equipment Jan. 1, 2017 Credit Balance Apr. 8 Nov. 15 Dec. 31 $84,800 Major Repairs Accum. Depreciation on Equipment Sold Depreciation for 2017 $21,100 25,300 63,700 38,400 55,000 $16,600 nformatonthesis From the postings in the accounts above, indicate how the infor nation is reported on a statement of cash flo decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) on s by preparing a partial statement of cash flo s using the indirect method. The loss on sale of equipment November 15 was $5 900 Show amounts that or in parents eg. LARKSPUR COMPANY Statement of Cash Flows (Partial) Acjustments to reconcile net income to