Question 8 View Policies Current Attempt in Progress The following three accounts appear in the general ledger of Carla Vista Co. during 2017. Equipment Debit Credit Balance Date Jan. 1 Balance 282,880 July 31 Purchase of equipment 123,760 406,640 Sept. 2 Cost of equipment constructed 93,704 500,344 Nov. 10 Cost of equipment sold 86,632 413,712 Accumulated Depreciation-Equipment Date Debit Credit Balance Jan. 1 Balance 125,528 28,288 97,240 Nov. 10 Dec. 31 Accumulated depreciation on equipment sold Depreciation for year 49,504 146,744 Retained Earnings Date Debit Credit Balance Jan. 1 Balance 185,640 Aug. 23 Dividends (cash) 24,752 160,888 Dec. 31 Net income 127,296 288,184 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 $14,144. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $93,704.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) 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 $14,144. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $93,704.) (Show amounts that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.g. (15,000).) Carla Vista Co. Partial Statement of Cash Flows For the Year Ended December 31, 2017 Adjustments to reconcile net income to eTextbook and Media