The following three accounts appear in the general ledger of Teal Mountain Inc. during 2017.

Equipment
Date				Debit		Credit		Balance
Jan. 1		Balance						343,200
July 31		Purchase of equipment		150,150				493,350
Sept. 2		Cost of equipment constructed		113,685				607,035
Nov. 10		Cost of equipment sold				105,105		501,930
Accumulated DepreciationEquipment
Date				Debit		Credit		Balance
Jan. 1		Balance						152,295
Nov. 10		Accumulated depreciation on equipment sold		34,320				117,975
Dec. 31		Depreciation for year				60,060		178,035
Retained Earnings
Date				Debit		Credit		Balance
Jan. 1		Balance						225,225
Aug. 23		Dividends (cash)		30,030				195,195
Dec. 31		Net income				154,440		349,635

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 $17,160. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $113,685.)