The three accounts shown below appear in the general ledger of Herrick Corp. during 2015. 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 $4,660. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $51,340.) (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Please use the correct # of entries

*Exercise 13-6 The three accounts shown below appear in the general ledger of Herrick Corp. during 2015. Equipment Credit Balance Debit Date an. 1 Balance 158,240 July 31 Purchase of equipment 71,230 229,470 280,810 Sept. 2 Cost of equipment constructed 51,340 Nov. 10 Cost of equipment sold 49,870 230,940 Accumulated Depreciation-Equipment Debit Credit Balance Date Jan. 1 Balance 69,740 Nov. 10 Accumulated depreciation on equipment sold 30,040 39,700 Dec. 31 Depreciation for year 26,120 65,820 Retained Earnings Debit Credit Balance Date Jan. 1 Balance 104,870 13,190 Aug. 23 Dividends (cash) 91,680 Dec. 31 Net income 76,790 168,470 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 $4,660. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $51,340.) (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 31, 2015 Adjustments to reconcile net income to