Learning Objective 2 E16-21 Preparing the statement of cash flows-indirect method Cash $53,000 The comparative balance sheet of Darazi Company, for 2013 and the preceding year ended December 31,2012 , appears below in condensed form: The income statement for the 2013 is as follows: Additional data for 2013 are as follows: (a) Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $183,200. (b) Bonds payable for $100,000 were retired by payment at their face amount. (c) 5,000 shares of common stock were issued at $13 for cash. (d) Cash dividends declared and paid $25,000. Requirement Prepare Darazi's statement of cash flows for the year ended December 31, 2013, using the indirect method