Can someone solve this question using the indirect method?

SWIFTY INC. Comparative Statement of Financial Position December 31 2017 2016 Cash $52,845 $25,180 Accounts receivable 57,980 51,020 Inventory 39,920 60,020 Prepaid rent 5,140 4,050 Equipment 156,340 130,140 Accumulated depreciation-equipment (35,140) (25,050) Goodwill 28,000 62,000 Total assets $305,085 $307,360 Accounts payable $46,340 $40,140 Income tax payable 3,920 6,020 Salaries and wages payable 8,180 4,180 Short-term loans payable 7,980 10,020 Long-term loans payable 68,000 81,000 Common shares 130,000 130,000 Retained earnings 40,665 36,000 Total liabilities and shareholders' equity $305,085 307,360 FTY INC. Income Statement Year Ending December 31, 2017 Sales revenue $342,340 Cost of goods sold 165,000 Gross margin 177,340 Operating expenses 120,000 Operating income 57,340 Interest expense $12,300 Impairment loss-goodwill 34,000 Gain on sale of equipment (2,800) 43,500 Income before tax 13,840 Income tax expense 4,175 Net income $9,665 Additional information: 1. Dividends on common shares in the amount of $5,000 were declared and paid during 2017. 2. Depreciation expense is included in operating expenses, as is salaries and wages expense of $74,500. 3. Equipment with a cost of $42,000 that was 70% depreciated was sold during 2017. Swifty Inc. Statement of Cash Flows (Indirect Method) $ Adjustments to reconcile net income/loss to net cash provided by operating activities: $