Presented below are three accounts that appear in the general ledger of WS Co. during the year. Equipment Debit Credit Date Jan. 1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold 70,000 53,000 Balance 160,000 230,000 283,000 238,000 45,000 Credit Date Jan 1 Nov. 10 Dec. 31 Accumulated Depreciation - Equipment Debit Balance Accum. Depr. On Equip. Sold 30,000 Depreciation for the year Balance 71,000 41,000 65,000 24,000 Retained Earnings Debit Credit Date Jan. 1 Aug. 23 Dec. 31 Balance Dividends (cash) Net Income 14,000 Balance 105,000 91,000 148,000 57,000 Instructions: From the postings in the accounts above, indicate how the information is reported on a statement of cash flows by preparing a partial statement of cash flows using the indirect method. The loss on sale of equipment was $4,000