create statement of cash flow (indirect method) for the year ended 12/31 (curent year).

addtn'l info:

1- bought equipment for cash - 58,000.

2- paid 10,000 on long term note payable.

3- issued new shares of stock for 32,000 cash.

4- declared and paid dividends of 13,000.

5- wages = other expenses.

6- account payable include only inventory purchases made on credit.

Prior Year Current Year Balance sheet at December 31 $64,750 15,450 22,650 Cash $63,400 22,650 18,100 150,400 (45,850) Accounts receivable Merchandise inventory Property and equipment Less: Accumulated depreciation 209,350 (59,300) $252,900 $208,700 Accounts payable Wages payable Note payable, long-term Common stock and additional paid-in capital Retained earnings 9,200 2,200 60,500 98,700 82,300 $19,400 2,800 71,100 66,000 49,400 $252,900 $208,700 Income statement for current year Sales $196,000 93,000 13,450 Cost of goods sold Depreciation expense Other expenses 43,100 46,450 Net income