$\backslash$table$[[$Equipment$,,],[$Jan$.1$ Bal.,$80,000,$Nov. $10$ Cost of equipment sold$],[$July $31$ Purchase of equipment,$35,000,],[$Sept$.2$ Purchase of equipment,$26,500,],[$Bal$.,117,000,]]$

$\backslash$table$[[$Accumulated Depreciation$-$Equipment$],[$Jan$.1$ Bal.,$35,500,$Dec. $31$ Depreciation for Lar$],[\backslash$table$[[$Nov$.10$ Accumulated depreciation$],[$on equipment sold$]],8,000,],[$Bal$.,41,500,]]$

$\backslash$table$[[$Retained Earnings$],[$Jan$.1$ Bal.,$52,500,$Dec. $31$ Net income,$36,000],[$Aug$.23$ Dividends $($cash$),7,000,,],[$Bal$.,81,500,,]]$

From the postings in the accounts, indicate how the information is reported by preparing a partial statement of cash flows using the indirect method. The loss on disposal of plant assets was $$4,000.($Show amounts that decrease cash flow with either $a-$ sign eg$.-15,000$ or in parenthesis eg$.(15,000)).$

SHEFFIELD CORP.

Statement of Cash Flows $($Partial$)-$ Indirect Method

Adjustments to reconcile net income