The accounts below appear in the ledger of Sheridan Company.

		Retained Earnings		Dr.		Cr.		Bal.
Jan. 1, 2020		Credit Balance						$41,700
Aug. 15		Dividends (cash)		$14,800				26,900
Dec. 31		Net Income for 2020				$39,900		66,800
		Equipment		Dr.		Cr.		Bal.
Jan. 1, 2020		Debit Balance						$139,900
Aug. 3		Purchase of Equipment		$61,700				201,600
Sept. 10		Cost of Equipment Constructed		48,000				249,600
Nov. 15		Equipment Sold				$56,100		193,500
		Accumulated DepreciationEquipment		Dr.		Cr.		Bal.
Jan. 1, 2020		Credit Balance						$83,700
Apr. 8		Major Repairs		$21,000				62,700
Nov. 15		Accum. Depreciation on Equipment Sold		25,000				37,700
Dec. 31		Depreciation for 2020				$16,900		54,600

Prepare entries in journal form for all adjustments that should be made on a worksheet for a statement of cash flows. The loss on sale of equipment (November 15) was $5,900. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Account titles are Accumulated DepreciationEquipmentEquipment, InvestingCash Dividends, InvestingConstruction of Equipment, InvestingDepreciation Expense, InvestingMajor Repairs to Equipment, InvestingLoss on Sale of Equipment, InvestingNet Income, InvestingPurchase of Equipment, InvestingSale of Equipment, FinancingCash Dividends, FinancingConstruction of Equipment, FinancingDepreciation Expense, FinancingExtraordinary Repairs to Equipment, FinancingLoss on Sale of Equipment, FinancingNet Income, FinancingPurchase of Equipment, FinancingSale of Equipment, OperatingCash Dividends, OperatingConstruction of Equipment, OperatingDepreciation Expense, OperatingExtraordinary Repairs to Equipment, OperatingLoss on Sale of Equipment, OperatingNet Income, OperatingPurchase of Equipment, OperatingSale of Equipment, Retained Earnings

Account Titles and Explanation	Debit	Credit
(To record cash dividends.)
(To record net income.)
(To record depreciation expense.)
(To record new Equipment.)
(To record repairs.)
(To record sale of Equipment.)