TRCES CALCU Exercise 12-7 Your answer is partially correct. Try again. The following three accounts appear in the general ledger of Skysong, Inc. during 2019. Equipment Debit Credit Date Jan. 1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold 70,500 51,000 Balance 162,000 232,500 283,500 233,600 49,900 Credit Accumulated Depreciation Equipment Date Debit Jan. 1 Balance Nov. 10 Accumulated depreciation on equipment sold 29,500 Dec. 31 Depreciation for year Balance 70,400 dy 23,000 63,900 Retained Earnings Debit Credit Date Jan. Balance 104,700 1 Balance e to search DELL No Minbox (692) - wagas. Facebook Sf a person sees it. Plagiarism and gra course Hero w e Return to Blackboard - Weygandt, Financial Accounting, 10e Help System Announcements CES CALCULATOR PRINTER Retained Earnings Debit Credit Date Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income 15,800 Balance 104,700 88,900 154,600 65,700 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 was $4,600. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $51,000.) (show ama flow with elthera - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) Skysong, Inc. Partial Statement of Cash Flows For the Year Ended December 31, 2019 Cash Flows from Operating Activities Net Income 65700 Adjustments to reconcile net income to Net Cash Provided by Operating Activities | Depreciation Expense 23000 Activa Go to se 4600 1 Loss on Disposal of Plant Assets OB 29 search Chegg.com N Netflix M Inbox (692) - Waqas Facebook S a person sees it Plagiarism andera Counserem Welcome Return to Blackboard Weygandt, Financial Accounting, 10e Help System Announcements CALCULATOR PRINTER RCES 27600 Net Cash Provided by Operating Activities 93300 Cash Flows from Investing Activities 1 Purchase of Equipment - 70500 Construction of Equipment -51000 1 Sale of Equipment 49900 Net Cash Used by Investing Activities 71600 Cash Flows from Financing Activities Payment of Cash Dividends -15800 Activat Go to Set Click if you would like to Show Work for this question: Oren Show Work o Bite to search