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

Equipment
Date				Debit		Credit		Balance
Jan. 1		Balance						160,800
July 31		Purchase of equipment		72,000				232,800
Sept. 2		Cost of equipment constructed		51,400				284,200
Nov. 10		Cost of equipment sold				49,400		234,800
Accumulated DepreciationEquipment
Date				Debit		Credit		Balance
Jan. 1		Balance						69,000
Nov. 10		Accumulated depreciation on equipment sold		30,100				38,900
Dec. 31		Depreciation for year				21,600		60,500
Retained Earnings
Date				Debit		Credit		Balance
Jan. 1		Balance						104,400
Aug. 23		Dividends (cash)		18,500				85,900
Dec. 31		Net income				67,400		153,300

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 $ 4,900. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $ 51,400.

HERRICK CORP Partial Statement of Cash Flows choose the accounting period December 31, 2020For the Month Ended December 31, 2020For the Year Ended December 31, 2020
select an opening name for section one Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Construction of EquipmentDecrease in Accounts PayablePurchase of EquipmentPayment of Cash DividendsSale of EquipmentIncrease in Accounts ReceivableNet IncomeDepreciation ExpenseLoss on Disposal of Plant Assets		$ enter a dollar amount
Adjustments to reconcile net income to
select a subsection name Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Increase in Accounts ReceivableConstruction of EquipmentDepreciation ExpensePurchase of EquipmentDecrease in Accounts PayablePayment of Cash DividendsLoss on Disposal of Plant AssetsNet IncomeSale of Equipment	$ enter a dollar amount
select an item Increase in Accounts ReceivableNet IncomePayment of Cash DividendsSale of EquipmentDecrease in Accounts PayableLoss on Disposal of Plant AssetsConstruction of EquipmentDepreciation ExpensePurchase of Equipment	enter a dollar amount
		enter a subtotal of the adjustments
select a closing name for section one Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		enter a total amount for section one
select an opening name for section two Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Payment of Cash DividendsSale of EquipmentPurchase of EquipmentDecrease in Accounts PayableConstruction of EquipmentIncrease in Accounts ReceivableDepreciation ExpenseLoss on Disposal of Plant AssetsNet Income	enter a dollar amount
select an item Loss on Disposal of Plant AssetsConstruction of EquipmentPurchase of EquipmentIncrease in Accounts ReceivableSale of EquipmentPayment of Cash DividendsDepreciation ExpenseNet IncomeDecrease in Accounts Payable	enter a dollar amount
select an item Decrease in Accounts PayablePayment of Cash DividendsConstruction of EquipmentPurchase of EquipmentNet IncomeSale of EquipmentDepreciation ExpenseIncrease in Accounts ReceivableLoss on Disposal of Plant Assets	enter a dollar amount
select a closing name for section two Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash		enter a total amount for section two
select an opening name for section three Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
select an item Net IncomeDepreciation ExpenseLoss on Disposal of Plant AssetsSale of EquipmentPurchase of EquipmentConstruction of EquipmentPayment of Cash DividendsIncrease in Accounts ReceivableDecrease in Accounts Payable		enter a dollar amount