The following three accounts appear in the general ledger of Herrick Corp. during 2020.

Equipment
Date				Debit		Credit		Balance
Jan. 1		Balance						158,400
July 31		Purchase of equipment		70,200				228,600
Sept. 2		Cost of equipment constructed		54,800				283,400
Nov. 10		Cost of equipment sold				49,100		234,300
Accumulated DepreciationEquipment
Date				Debit		Credit		Balance
Jan. 1		Balance						71,100
Nov. 10		Accumulated depreciation on equipment sold		28,700				42,400
Dec. 31		Depreciation for year				23,700		66,100
Retained Earnings
Date				Debit		Credit		Balance
Jan. 1		Balance						104,100
Aug. 23		Dividends (cash)		15,600				88,500
Dec. 31		Net income				65,400		153,900

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 $5,000. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $54,800.)