Weygandt, Accounting Principles, 12e Help | System Announcements RCES Exercise 17-6 rk The three accounts shown below appear in the general ledger of Herrick Corp. during 2017. Equipment Debit Credit Balance Date 159,000 Balance Jan. 1 227,100 68,100 Purchase of equipment July 31 52,900 280,000 art Cost of equipment constructe Sept. 2 n) 48,200 231,800 Cost of equipment sold Nov. 10 Accumulated Depreciation-Equipment by Study Debit Credit Balance Date 71,200 Balance Jan. 1 Nov. 10 Accumulated depreciation on equipment sold 31,000 40,200 Depreciation for year Dec. 31 24,000 64,200 Retained Earnings Date Debit CreditBalance Jan. 1 Balance 104,900 Aug. 23 Dividends (cash) 16,400 88,500 Dec. 31 Net income 68,000 156,500 is reported on a statement of cash flows using the indirect method. The loss on disposal of equipment was $5,400. 10000 o0 unsting activities section as a decrease in cash of $52.90.) (Sshouw amounts that decrmiase cash thow with either a sign HERRICK