Your answer is partially correct. Try again. The following three accounts appear in the general ledger of Headlands Industries during 2017 Equipment De Date Jan. 1 July 31 Sept. 2 Nov. 10 Balance Purchase of equipment Cost of equipment constructed Cost of equipment sold bit Credit Balance 409,440 588,570 724,197 125,391 598,806 179,130 135,627 Accumulated Depreciation-Equipment De Date JanBalance Nov. 10 Accumulated depreciation on equipment sold Dec. 31 Depreciation for year bit Credit Balance 181,689 140,745 71,652 212,397 40,944 Retained Earnings Date Jan. 1 Aug. 23 Dec. 31 Balance Dividends (cash) Net income Debit Credit Balance 268,695 232,869 184,248 417,117 35,826 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 $20,472. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $135,627.) (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).)