Part Three - Statement of Cash Flows (indirect method) Ignoring all of the previous information, use the information provided below to prepare a statement of Cash Flows using the indirect method. Use worksheet #8. Botswana Tea Company, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Assets 2018 Cash 100,000 Accounts receivable (net) 78,000 Inventories 101,500 Machinery and equipment 410,000 Accumulated depreciation-machinery & equipment (150,000) Total assets 539,500 2017 78,000 85,000 90,000 370,000 (158,000) 465,000 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $10 par Excess of issue price over par - common stock Retained earnings Total liabilities and stockholders' equity 58,500 5,000 200,000 62,000 214,000 539,500 55,000 4,000 170,000 60,000 176,000 465,000 Additional information: Equipment costing $125,000 was purchased for cash. Equipment costing $85,000 with accumulated depreciation of $65,000 was sold for $15,000. 3. The stock was issued for cash. The only entries in the retained earnings account were net income of $51,000 and cash dividends declared of $13,000. Prepare a statement of cash flows using the indirect method of reporting cash flows from operating activities