The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Date Debit Credit 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 Sept. 2 Nov. 10 48,300 Accumulated Depreciation-Equipment Debit Date Credit Jan. 1 Balance 70,300 42,100 66,700 Balance Accumulated depreciation on equipment sold Depreciation for year Nov. 10 Dec. 31 28,200 24,600 Retained Earnings Date Debit Credit Balance Jan. 1 Aug. 23 Dec. 31 Balance Dividends (cash) Net income 17,800 105,600 87,800 152,900 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).) Cash Flows from Operating Activities Net Income 65100 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 24600 Loss on Disposal of Plant Assets 5000 29600 Net Cash Provided by Operating Activities 94700 Cash Flows from Investing Activities Sale of Equipment Construction of Equipment -54700 Purchase of Equipment -70400 X Net Cash Used by Investing Activities