Condensed financial data of Jhutti Company appear below.

Additional information:1. Equipment costing $92,000 was purchased for cash during the year.2. Investments were sold at cost.3. Equipment costing $47,000 was sold for $15,550, resulting in gain of $8,750.4. A cash dividend of $83,400 was declared and paid during the year.InstructionsPrepare a worksheet for the statement of cash flows using the indirect method. Enter the reconciling items directly in the worksheet columns, using letters to cross-reference eachentry.

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JHUTTI COMPANY Comparative Balance Sheets December 31 2012 2011 Assets S 92,700 $ 47.250 57,000 Cash Accounts receivable 90,800 Inventory Investments 121.900 102,650 87.000 205,000 (40,000) 84.500 Equipment Accumulated depreciation-buildings 250,000 (49,500) $590,400 $458,900 Liabilities and Stockholders' Equity $ 57.700 $ 48,280 Accounts payable Accrued expenses payable Bonds payable 12.100 18,830 100,000 70.000 Common stock 250,000 200,000 121.790 Retained earnings 170,600 $590,400 $458,900 JHUTTI COMPANY Income Statement For the Year Ended December 31, 2012 $297.500 Sales revenue Gain on sale of equipment 8,750 306.250 Less: $99.460 Cost of goods sold Operating expenses (excluding depreciation expense) Depreciation expense 14.670 49.700 Income taxes 7.270 Interest expense 2.940 174.040 $132.210 Net income