Chapter 16 15 QS 16-19 Indirect: Preparing 0.51 pelints Total ecm.depr 157-950 139,95 23,9025,44 24,4002,0 110,00108,009 Liabahities and Ernity Accounta payable Salaries payable Total current abilities Equity Coanon stock, so par value Print Total 1iabilities and equity (8.950 Cost of goods sold Gross profit Operating expenses 7,200 Depreciation expense Income before taxes Income tax expesse Net income 13,975 5 10.540 Additional Information a. No dividends are declared or paid in 2018. b. Issued additional stock for $10,000 cash in 2018 1. Use the above financial statements and additional information to prepare a statement of cash flows for the year ended December 31, 2018, using the indirect method. (Amounts to be deducted should be indicated by a minus sign) c. Purchased equipment for cash in 2018; no equipment was sold in 2018