Question: Managerial Accounting... please help me for this thanks, type the answer below E13-6 The three accounts shown below appear in the general ledger of Herrick

Managerial Accounting... please help me for this thanks, type the answer below

Managerial Accounting... please help me for this thanks, type the answer below

E13-6 The three accounts shown below appear in the general ledger of Herrick Corp during 2017. Equipment Credit Date Jan. July 31 Sept. 2 Nov. 10 Debit Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold Balance 160,000 230,000 283,000 234,000 70,000 53,000 49,000 Accumulated Depreciation-Equipment Debit Credit Date Jan. 1 Nov. 10 Balance 71,000 41,000 Balance Accumulated depreciation on equipment sold Depreciation for year 30,000 Dec. 31 28,000 69,000 Retained Earnings Debit Credit Date Jan. Aug. 23Dividends (cash) Dec. 31 Balance 105,000 91,000 168,000 Balance 14,000 Net income 77,000 Instructions From the postings in the accounts, indicate how the information is reported on a state- ment of cash flows using the indirect method. The loss on disposal of equipment was $7,000. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $53,000.)

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