Here are combarative balance sheets for Vaughn Company. Prepare a statement of cash flows$-$indirect method.

Additional information:

Net income for $2020$was$$88\mathrm{.}000$

Cahh dividends of $$31\mathrm{.}000$ were declered and paid.

Bonds payable amounting to $$$1,000$ were redsemed for cash $$61,000.$

Common stock was issued for $$43,000$ cash.

Equipment that cost $$50,000$ and had a book value of $$30,000$ was sold for $537,000$ during $2020,$ land was sold at cost$.$

$($a$)$

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Prepare statement of cash flows for $2060$ using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign es$.$

$-15,000$ or in parenchesk eg $(15,000),$

$($b$)$

Compute free cash flow for $2020.$

Free cash flow