The following three accounts appear in the general ledger of Shamrock, Inc. during 2017.

Equipment
Date				Debit		Credit		Balance
Jan. 1		Balance						228,640
July 31		Purchase of equipment		100,030				328,670
Sept. 2		Cost of equipment constructed		75,737				404,407
Nov. 10		Cost of equipment sold				70,021		334,386
Accumulated DepreciationEquipment
Date				Debit		Credit		Balance
Jan. 1		Balance						101,459
Nov. 10		Accumulated depreciation on equipment sold		22,864				78,595
Dec. 31		Depreciation for year				40,012		118,607
Retained Earnings
Date				Debit		Credit		Balance
Jan. 1		Balance						150,045
Aug. 23		Dividends (cash)		20,006				130,039
Dec. 31		Net income				102,888		232,927

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 $11,432. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $75,737.)