The three accounts shown below appear in the general ledger of Sheffield Corp. during 2020. Equipment Date Debit Credit Balance Jan. 1 Balance 171,000 July 31 Purchase of equipment 86,000 257,000 Sept. 2 Cost of equipment constructed 67,000 324,000 Nov. 10 Cost of equipment sold 67,000 257,000 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 87.500 Nov. 10 Accumulated depreciation on equipment sold 41,000 46,500 Dec. 31 Depreciation for year 31,000 77.500 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 121,500 Aug. 23 Dividends (cash) 26.000 95,500 Aug. 23 Dividends (cash) 26,000 95,500 Dec 31 Net income 61,000 156,500 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 sale of equipment was $12.500. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $67.000.) (Show amounts that decrease cash flow with either a - sign es. -15,000 or in parenthesis e.g. (15,000).) SHEFFIELD CORP Partial Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Sale of Equipment Loss on Sale of Equipment Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment v Cost of Equipment Sold Sale of Equipment v Net Cash Provided by Investing Activities Cash Flows from Financing Activities . $