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

Equipment
Date				Debit		Credit		Balance
Jan. 1		Balance						158,000
July 31		Purchase of equipment		69,600				227,600
Sept. 2		Cost of equipment constructed		55,000				282,600
Nov. 10		Cost of equipment sold				49,500		233,100
Accumulated DepreciationEquipment
Date				Debit		Credit		Balance
Jan. 1		Balance						71,400
Nov. 10		Accumulated depreciation on equipment sold		28,900				42,500
Dec. 31		Depreciation for year				22,600		65,100
Retained Earnings
Date				Debit		Credit		Balance
Jan. 1		Balance						104,200
Aug. 23		Dividends (cash)		17,800				86,400
Dec. 31		Net income				68,800		155,200

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 $4,500. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $55,000.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

HERRICK CORP Partial Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 68,800 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 22,600 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 V