The three accounts shown below appear in the general ledger of Halo Corp. during 2017.

Instructions
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 $7,000.

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Equipment Date Jan. 1 Balance July 31 Purchase of equipment Nov. 10 Cost of equipment sold Debit Credit Balance 160,000 230,000 181,000 70,000 49,000 Accumulated Depreciation-Equipment Date Jan. 1 Balance Nov. 10 Accumulated depreciation on equipment sold Dec. 31 Depreciation for year Debit Credit Balance 71,000 41,000 30,000 28,000 69,000 Retained Earnings Date Debit Credit Jan. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Profit Balance 105,000 91,000 168,000 14,000 77,000