The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Debit Credit Date Jan. 1 July 31 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold 70,400 54,700 Balance 159,400 229,800 284,500 236,200 Nov. 10 48,300 Credit Date Jan. 1 Nov. 10 Dec. 31 Accumulated Depreciation Equipment Debit Balance Accumulated depreciation on equipment sold 28,200 Depreciation for year Balance 70,300 42,100 66,700 24,600 Retained Earnings Date Debit Credit Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income Balance 105,600 87,800 152,900 17,800 65,100 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 $54,700.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) TCRRILAWRP Partial Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Equipment Construction of Equipment Purchase of Equipment Net Cash Used by Investing Activities | Cash Flows from Financing Activities Payment of Cash Dividends