The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment Date Debit Credit Balance Jan. 1 Balance 160,500 July 31 Purchase of equipment 71,900 232,400 Sept. 2 Cost of equipment constructed 51,100 283,500 Nov, 10 Cost of equipment sold 51,700 231,800 Accumulated Depreciation-Equipment Debit Date Credit Balance Jan. 1 Balance 69,100 Nov. 10 Accumulated depreciation on equipment sold 31,600 37,500 Dec. 31 Depreciation for year 23,300 60,800 Retained Earnings Date Debit Credit Balance Jan 1 Balance 105,100 Aug. 23 Dividends (cash) 19,000 86,100 Dec. 31 Net income 67,000 153,100 Partial Statement of Cash Flows Adjustments to reconcile net income to >