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The following three accounts appear in the general ledger of Sage Hill Inc. during 2017....

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Accounting

The following three accounts appear in the general ledger of Sage Hill Inc. during 2017.

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Exercise 12-6 The following three accounts appear in the general ledger of Sage Hill Inc. during 2017 Equipment Date Jan. 1 Balance uly 31 Purchase of equipment Sept. 2 Cost of equipment constructed Nov. 10 Cost of equipment sold Credit Balance 401,760 577,530 710,613 123,039 587,574 175,770 133,083 -Equipment Date Jan. 1 Nov. 10 Dec. 31 Balance Accumulated depreciation on equipment sold Depreciation for year bit Credit Balance 178,281 138,105 70,308 208,413 40,176 Retained Earnings Date Jan. Balance Aug. 23 Dividends (cash) Dec. 31 Net income Debit Credit Balance 263,655 228,501 180,792 409,293 35,154 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 $20,088. (Hint: Cost of equipment constructed is reported in the investing activities section as a decrease in cash of $133,083.) (Show amounts that decrease cash flow with either a -sign e.g.-15,000 or in parenthesis e.g. (15,000). Sage HIll Inc Partial Statement of Cash Flows Adjustments to reconcile net income to

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