Question 1 of 3 - 16 E View Policies Current Attempt in Progress The following three accounts appear in the general ledger of Concord Corp. during 2022. Equipment Date Debit Credit Balance Jan. 1 Balance 158,000 July 31 69,600 227,600 Sept. 2 Purchase of equipment Purchase of equipment Cost of equipment sold 55,000 282.600 Nov. 10 49.500 233,100 Accumulated Depreciation-Equipment Debit Date Credit Balance Jan. 1 Balance 71.400 54,500 Nov. 10 Accumulated depreciation on equipment sold 16,900 Dec. 31 Depreciation for year 22.600 77.100 Retained Earnings Retained Earnings Date Debit Credit Balance Jan. 1 Balance 104.200 Aug. 23 Dividends (cash) 17,800 86,400 Dec. 31 Net income 68,800 155.200 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 $8,500. (Show amounts that decrease cash flow with either a - sign 6.3.-15.000 or in parenthesis eg. (15,000)) CONCORD CORP Statement of Cash Flows (Partial) - Indirect Method Adjustments to reconcile net income to >