Follow the balance sheet that given and the additional Information

Dana Services-Co Comparative Balance sheet For the year ended December 31, 2016 2016 $55,000 20,000 15,000 5,000 27,000 (3,000) 160,000 (11,000) 130,000 $398,000 Assets: Cash Accounts Receievable Inventories Prepaid Expenses Equipment Accum. Dep: Equipment Building Accum. Dep: Building Land Total Assets Liabilities & Stockholders' Equity: Accounts Payable Accrued Expenses Payable Bonds Payable Common Stock Retained Earnings Total Liabilites & Stockholders' Equity Revenues Cost of Goods Sold Dana services -Co Income Statement For the year ended December 31, 2016 Operating Expenses Depreciation Expense Interest Expense Loss on sale of Equipment Income before Income Taxes Income Tax Expense $28,000 6,000 Net Income 130,000 70,000 164,000 $398,000 $150,000 111,000 9,000 42,000 3,000 2015 $33,000 30,000 10,000 1,000 10,000 (1,000) 40,000 (5,000) 20,000 $138,000 $12,000 8,000 20,000 50,000 48,000 $138,000 $507,000 315,000 $192,000 (47,000) $145,000 Q6 (17 points) Additional Information for 2016: 1. The company declared and paid a $29,000 cash dividend. 2. A building costing $120,000 was purchased for cash. Equipment costing $25,000was purchased for cash. 3. The company sold equipment for $4,000 cash. The equipment cost $8,000 originally with a book value of $ 7,000 at the time of sale. 4. Issued Common Stock for $20,000 cash Instructions: Prepare the Cash Flow Statement using the Indirect Method.