The following three accounts appear the general ledger of Herrick Corp. during 2020 Equipment Debit Date Credit Balance 158,100 Jan. 1 Balance July 31 Purchase 70,300 228,400 equipment Cost of equipment constructed Sept. 2 54,200 282,600 Cost of equipment sold Nov. 10 48,100 234,500 Accumulated Depreciation-Equipment Debi Balance Date Credit Jan. 1 Balance 71,500 Nov. 10 Accumulated depreciation on equipment sold 30,000 41,500 Dec. 31 Depreciation for year 24,000 65,500 Retained Earnings Debit Credit Balance Date Jan. 1 Balance 104,600 Dividends (cash) Aug. 23 17,200 87,400 Dec. 31 Net income 66,400 153,800 direct method. The loss on di of parenthesis e.g. (15,000).) CORP Partial Statement h Flows Adjustments to reconcile net income to