Question: Current Attempt in Progress The following three accounts appear in the general ledger of Flint Corporation during 2022. Equipment Debit Credit Date Jan. 1 July

 Current Attempt in Progress The following three accounts appear in the
general ledger of Flint Corporation during 2022. Equipment Debit Credit Date Jan.
1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost

Current Attempt in Progress The following three accounts appear in the general ledger of Flint Corporation during 2022. Equipment Debit Credit Date Jan. 1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold 59,500 45.050 Balance 136,000 195,500 240,550 198.900 41,650 Credit Date Jan. 1 Nov. 10 Dec. 31 Accumulated Depreciation-Equipment Debit Balance Accumulated depreciation on equipment sold 13,600 Depreciation for year Balance 60.350 46,750 70,550 23,800 Retained Earnings Debit Credit Date Jan. 1 Aug. 23 Dec. 31 Balance 89.250 77,350 138,550 Balance Dividends (cash) Net income 11.900 61,200 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 $6,800. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $45,050.) (Show amounts that decrease cash flow with either a -sign eg.-15,000 or in parenthesis es (15.000 Flint Corporation Partial Statement of Cash Flows Adjustments to reconcile net income to M >

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