The three accounts shown below appear in the general ledger of Crane Corp. during 2021.

Equipment
Date				Debit		Credit		Balance
Jan. 1		Balance						156,800
July 31		Purchase of equipment		68,600				225,400
Nov. 10		Cost of equipment sold				48,000		177,400
Accumulated DepreciationEquipment
Date				Debit		Credit		Balance
Jan. 1		Balance						69,600
Nov. 10		Accumulated depreciation on equipment sold		29,400				40,200
Dec. 31		Depreciation for year				27,400		67,600
Retained Earnings
Date				Debit		Credit		Balance
Jan. 1		Balance						102,900
Aug. 23		Dividends (cash)		13,700				89,200
Dec. 31		Profit				75,500		164,700

From the postings in the accounts, indicate how the information is reported on a cash flow statement using the indirect method. The loss on disposal of equipment was $6,900 and the cash dividends were paid. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Operating Activities
Depreciation ExpenseGain on Disposal of EquipmentLoss on Disposal of EquipmentProfitPayment of Cash DividendsPurchase of EquipmentSale of EquipmentPayments to SuppliersCollections from CustomersPayments for TaxesPayments for Operating Expenses		$
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Depreciation ExpenseGain on Disposal of EquipmentLoss on Disposal of EquipmentProfitPayment of Cash DividendsPurchase of EquipmentSale of EquipmentPayments to SuppliersCollections from CustomersPayments for TaxesPayments for Operating Expenses	$
Depreciation ExpenseGain on Disposal of EquipmentLoss on Disposal of EquipmentProfitPayment of Cash DividendsPurchase of EquipmentSale of EquipmentPayments to SuppliersCollections from CustomersPayments for TaxesPayments for Operating Expenses
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Investing Activities
Depreciation ExpenseGain on Disposal of EquipmentLoss on Disposal of EquipmentProfitPayment of Cash DividendsPurchase of EquipmentSale of EquipmentPayments to SuppliersCollections from CustomersPayments for TaxesPayments for Operating Expenses
Depreciation ExpenseGain on Disposal of EquipmentLoss on Disposal of EquipmentProfitPayment of Cash DividendsPurchase of EquipmentSale of EquipmentPayments to SuppliersCollections from CustomersPayments for TaxesPayments for Operating Expenses
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Financing Activities
Depreciation ExpenseGain on Disposal of EquipmentLoss on Disposal of EquipmentProfitPayment of Cash DividendsPurchase of EquipmentSale of EquipmentPayments to SuppliersCollections from CustomersPayments for TaxesPayments for Operating Expenses

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