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The accounts below appear in the ledger of Pronghorn Company. Retained Earnings Dr. Cr. Bal. Jan. 1, 2017 Credit Balance $46,600 Aug. 15 Dividends (cash)

The accounts below appear in the ledger of Pronghorn Company.

Retained Earnings Dr. Cr. Bal.
Jan. 1, 2017 Credit Balance $46,600
Aug. 15 Dividends (cash) $15,000 31,600
Dec. 31 Net Income for 2017 $57,400 89,000
Equipment Dr. Cr. Bal.
Jan. 1, 2017 Debit Balance $139,800
Aug. 3 Purchase of Equipment $62,500 202,300
Sept. 10 Cost of Equipment Constructed 47,700 250,000
Nov. 15 Equipment Sold $49,600 200,400
Accumulated DepreciationEquipment Dr. Cr. Bal.
Jan. 1, 2017 Credit Balance $84,800
Apr. 8 Major Repairs $21,200 63,600
Nov. 15 Accumulated Depreciation on Equipment Sold 25,500 38,100
Dec. 31 Depreciation for 2017 $19,600

57,700

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 $5,400. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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25000 Net Cash Provided by Operating Activities 82400 Cash Flows from Investing Activities Purchase of Equipment Cost of Equipment Constructed 62500 47700 Sale of Equipment 49600 Major Repairs on Equipment -42400 Net Cash Used by Investing Activities 7 -103000 Cash Flows from Financing Activities Payment of Cash Dividends 15000 Net Decrease in Cash 35600

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