The accounts below appear in the ledger of Coronado Company.

		Retained Earnings		Dr.		Cr.		Bal.
Jan. 1, 2017		Credit Balance						$42,400
Aug. 15		Dividends (cash)		$14,900				27,500
Dec. 31		Net Income for 2017				$40,200		67,700
		Equipment		Dr.		Cr.		Bal.
Jan. 1, 2017		Debit Balance						$139,500
Aug. 3		Purchase of Equipment		$61,700				201,200
Sept. 10		Cost of Equipment Constructed		47,500				248,700
Nov. 15		Equipment Sold				$55,800		192,900
		Accumulated DepreciationEquipment		Dr.		Cr.		Bal.
Jan. 1, 2017		Credit Balance						$83,200
Apr. 8		Major Repairs		$20,800				62,400
Nov. 15		Accum. Depreciation on Equipment Sold		24,900				37,500
Dec. 31		Depreciation for 2017				$17,000		54,500

From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a partial statement of cash flows using the indirect method. The loss on sale of equipment (November 15) was $5,800. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Exercise 23-18 The accounts below appear in the ledger of Coronado Company. Dr. Cr. Retained Earnings Jan. 1, 2017 Credit Balance Aug. 15 Dividends (cash) Dec. 31 Net Income for 2017 Bal. $42,400 27,500 67,700 $14,900 $40,200 Dr. Cr. Jan. 1, 2017 Aug. 3 Sept. 10 Nov. 15 Equipment Debit Balance Purchase of Equipment Cost of Equipment Constructed Equipment Sold $61,700 47,500 Bal. $139,500 201,200 248,700 192,900 $55,800 Dr. Cr. Bal. Accumulated Depreciation- Equipment Jan. 1, 2017 Credit Balance Apr. 8 Major Repairs Nov. 15 Accum. Depreciation on Equipment Sold Dec. 31 Depreciation for 2017 $20,800 24,900 $83,200 62,400 37,500 54,500 $17,000 From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a partial statement of cash flows using the indirect method. The loss on sale of equipment (November 15) was $5,800. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) CORONADO COMPANY Statement of Cash Flows (Partial) Adjustments to reconcile net income to XXX $XXX Click if you would like to Show Work for this question: Open Show Work