Prepare a statement of cash flows for the year using the indirect method

Condensed financial data of Jones Company appear below: JONES COMPANY Comparative Balance Sheet December 31 2016 2015 Assets Cash Accounts receivable Inventories Prepaid expenses Investments Plant assets Accumulated depreciation S.Za,000 S35,000 53,000 132,000 25,000 65,000 250,000 82,000 120,000 19,000 80,000 310,000 65,000)(60,000) Total $616.000 $500.000 Liabilities and Stockholders ul Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings S95.000 22,000 120,000 245,000 $ 75,000 24,000 150,000 170,000 81000 $500,000 Total $616000 JONES COMPANY Income Statement For the Year Ended December 31,2016 Sales Less: $480,000 Cost of goods sold Operating expenses (includes depreciation expense) Income taxes Interest expense Loss on sale of plant assets $290,000 77,000 15,000 13,000 Net income $ 82,000, Additional information: 1. Old plant assets costing $25,000 were sold when book value was $13,000. 2. Bonds with a face value of $30,000 were converted into $30,000 of common stock