The following accounts appear in the ledger of Flounder Limited, which uses IFRS, and has adopted the policy of classifying dividends paid as operating activities: Retained Earnings Dr. Cr. Bal. Jan. 1, 2020 Aug. 15 Credit balance $43,700 Dividends (cash) $13,900 29,800 Dec. 31 Net income for 2020 $41,500 71,300 Equipment Dr. Cr. Bal. Jan. 1, 2020 Debit balance $140,900 Aug. 3 Purchase of equipment $63,300 204,200 Sept. 10 Purchase of equipment 48,600 252,800 Nov. 15 Equipment sold $56,700 196,100 Accumulated Depreciation-Equipment Dr. Cr. Bal. $84,700 60,500 $17,900 78,400 Jan. 1, 2020 Credit balance Nov. 15 Accumulated depreciation on equipment sold $24,200 Dec. 31 Depreciation for 2020 Show how the information posted in the accounts is reported on a statement of cash flows by preparing a partial statement of cash flows using the indirect method. The loss on disposal of equipment (November 15) was $5,000. (Show amounts that decrease cash flow with either a-sign eg. -25,000 or in parenthesis e.g. (25,000).) Flounder Limited Statement of Cash Flows (partial, indirect method) Adjustments to reconcile net income to net cash provided by operating activities: $