14. Use the income statement below to prepare the statement of cash flows using the indirect method. During the year, the company also had a $750 decrease in accounts payable, a $200 increase in supplies, and a S 1,000 decrease in accounts receivable. The company issued S4,000,000 of10% bonds at face value and paid $14,000 in dividends to shareholders. ABC Corporation received $10,000 in cash for the investments sold. The cash balance at the beginning of the year was $460,900. ABC Corporation ncome Statement For the Year Ended December 31, 2015 $122,300 25.700 96,600 Sales revenue Cost of merchandise sold Gross profit Operating expenses: Salaries expense Insurance expense4,800 Depreciation expense 7,700 Amortization expense 1200 35,000 48,700 Total operating expenses Income from operations Other income and expenses: Rent revenue Loss on investments 2,200 $ Net income $47,900 $10,000 7.800 $55700