Create a statement of cash flow using the indirect method

flows-indirect method. (LO 2), AP MINNIE HOOPER COMPANY Comparative Balance Sheets December 31 \begin{tabular}{|c|c|c|c|} \hline Assets & 2017 & 2016 & \\ \hline Cash & $93,600 & $33,400 & +60200 \\ \hline Accounts receivable & 63,200 & 37,000 & +26200 \\ \hline Inventory & 124,500 & 102,650 & +21850 \\ \hline Investments & 79,500 & 107,000 & \\ \hline Plant assets & 318,000 & 205,000 & \\ \hline Accumulated depreciation & (44,000) & (40,000) & \\ \hline Total & $634,800 & $445,050 & \\ \hline \multicolumn{4}{|c|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $56,600 & $48,280 & +8320 \\ \hline Accrued expenses payable & 15,100 & 18,830 & (3730) \\ \hline Bonds payable & 140,000 & 70,000 & \\ \hline Common stock & 250,000 & 200,000 & \\ \hline Retained earnings & 173,100 & 107,940 & \\ \hline Total & $634,800 & $445,050 & \\ \hline \end{tabular} MINNIE HOOPER COMPANY Income Statement Additional information: 1. New plant assets costing $149,000 were purchased for cash during the year. 2. Investments were sold at cost. Chapter 17 Exercise - Property, Plant, and Equipment Journal Entries. You are analyzing information in preparation of the statement of cash flow. The following information is available regarding Equipment. In addition, the following is available: - Equipment that originally cost $9,000 was sold. - The income statement shows a gain on sale of equipment of $3,000. - The income statement shows depreciation expense on equipment of $4,000. REQUIRED: Show three journal entries: a. depreciation expense b. sale of equipment c. purchase of equipment