Exercise 17-6 The three accounts shown below appear in the general ledger of Herrick Corp. during 2017. Equipment Jan. 1 Balance uly 31 Purchase of equipment Sept. 2 Cost of equipment constructed Nov. 10 Cost of equipment sold Debit Credit Balance 158,400 228,600 283,400 49,100 234,300 70,200 54,800 Accumulated Depreciation-Equipment Debit Credit Balance Jan. 1 Nov. 10 Dec. 31 Balance Accumulated depreciation on equipment sold Depreciation for year 28,700 42,400 23,700 66,100 Retained Earnings Debit Credit Balance an. 1 Balance Aug. 23 Dividends (cash) Dec. 31 Net income 15,600 65,400 153,900 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 equipment was $5,000. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $54,800.) (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 For the Year Ended December Adjustments to reconcile net income to Provided