WEEK O9 HOEORKExercise 13-7 The following three accounts appear in the general ledger of Herrick Corp. during 2020. Equipment y3 Purchase of equipme Sept. 2 Cont of equipmenit constructed 51,400 Cost of equipment sold Accumulated Depreciation-Equipment ov 10 Accumu eted depreciation on equipmenol 28,200 22,400 5,300 Retained Earnings Asg. 23 Diwidends (cash) 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 $5,200. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $51,400.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) HERRICK CORP Partial Statement of Cash Flows net income t