prepare a statement of cash flows using the indirect method. Show supplementary calculations in T-accounts or properly labeled calculations.

Prepare a statement of cash flows in proper format using the indirect method for Applet Inc.'s second year of operation. Show T-account to support your calculations. The following information is provided as a supplement to the financial statements. 1 . The company sold equipment for $8,000. The original cost was $15,000 and the depreciation was $10,000. 2. There were no new bonds issued during the year. 3. The company did not repurchase and of its own stock during the year