The following three accounts appear in the general ledger of Herrick Corp. during 2020, Equipment Date Debit Credit Jan. 1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold 69,600 55.000 Balance 158,000 227,600 282.600 233,100 49.500 Date Credit Jan 1 Accumulated Depreciation-Equipment Debit Balance Accumulated depreciation on equipment sold 28.900 Depreciation for year Nov. 10 Dec. 31 Balance 71.400 42.500 65,100 22.600 Retained Earnings Date Debit Credit Balance Retained Earnings Date Debit Credit Jan 1 Balance 104.200 86,400 155,200 Balance Dividends (cash) Net income Aug. 23 17,800 Dec 31 68,800 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 - signe.g. -15,000 or in parenthesis eg. (15.0003.) HERRICK CORP Partial Statement of Cash Flows For the Year Ended December 31, 2020 Question 7 of 11 -/1 HERRICK CORP Partial Statement of Cash Flows For the Year Ended December 31, 2020 Adjustments to reconcile net income to Question 7 of 11