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Tent Attempt in Progress The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Date Debit Credit Balance Jan. 1

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Tent Attempt in Progress The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Date Debit Credit Balance Jan. 1 Balance 159,300 July 31 69,900 229.200 Purchase of equipment Cost of equipment constructed Sept. 2 52,500 281.700 Nov. 10 Cost of equipment sold 49.000 232,700 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 69.700 Nov. 10 Accumulated depreciation on equipment sold 31.300 38.400 Dec. 31 Depreciation for year 24.900 63,300 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 105,600 Aug. 23 Dividends (cash) 18.000 87.600 Den 21 Net income A5100 159700 xlsx 23 DFN 120 lab 9.xlsx Jan. 1 Balance 69.700 Nov. 10 31,300 38,400 Accumulated depreciation on equipment sold Depreciation for year Dec. 31 24.900 63,300 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 105,600 Aug. 23 Dividends (cash) 18.000 87,600 Dec. 31 Net income 65,100 152.700 From the postings in the accounts, indicate how the information is reported on a statement of cash flows using the ind The loss on disposal of plant assets was $5.200. (Hint: Cost of equipment constructed is reported in the investing activ decrease in cash of $52,500.) (show amounts that decrease cash flow with elther a signes -15.000 or in parenthesis 8. / HERRICK CORP Partial Statement of Cash Flows Adiustments to reconcile net income to 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 $5,200. (Hint Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $52,500.) (Show amounts that decrease cash flow with either a - sign eg.-15,000 or in parenthesis eg. (15,0001) HERRICK CORP Partial Statement of Cash Flows Adjustments to reconcile net income to

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