Current Attempt in Progress Presented here are the financial statements of Kingbird Company. Question 1 of 7 Question 7 of 7 Prepare astatement of cash flowsusing the indirect method. (Show amounts that decrease cash flow with either a3ign e.g. 15,000 or in parenthesis esf- (15,000) ) Adjustments to reconcile net income to 5 Additional data: 1. Depreciation expense was $15,750. 2. Dividends declared and paid were $18,000. 3. During the year, equipment was sold for $7,650 cash. This equipment originally cost $16,200 and had accumulated depreciation of $8,550 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (a). Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either asign e.g. 15,000 or in parenthesis e.g. (15,000).)