The following three accounts appear in the general ledger of Sheffield Corp. during 2022. Equipment Date Debit Credit Balance Jan 1 Balance 159,400 July 31 Purchase of equipment 70,400 229,800 Sept. 2 Purchase of equipment 54,700 284,500 Nox. 10 Cost of equipment sold 48,300 236 200 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan 1 Balance 70,300 Nov. 10 14.200 56.100 Accumulated depreciation on equipment sold Depreciation for year Dec. 31 24,600 80,700 Retained Earnings Date Debit Credit Balance 105,600 Balance Dividends (cash dividends declared and pald) () 17,800 Aug 23 Dec 31 87,800 Net Income 65,100 152.900 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 $8.500 (Show amounts that decrease cash flow with either a signe -15,000 or in parenthesis es. (15,000).) SHEFFIELD CORP Partial Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 05100 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ 24600 Loss on Disposal of Plant Assets 8500 33100 Net Cash Provided by Operating Activities 98200 Cash Flows from Investing Activities Sale of Equipment 25600 Purchase of Equipment 58700 Net Cash Used by Investing Activities 33100 Cash Flows from Financing Activities Payment of Cash Dividends 117800) Net Increase in Cash 47300 eTextbook and Media Save for Later Attempts: 4 of 5 used Submit