Prepare a statement of cash flows using the indirect method. Presented below are data taken from the records of Company. Additional information: Held-to-maturity securities carried at a cost of $43,000 on December 31, 2011, were sold in 2012 for $34,000. The loss (not extraordinary) was incorrectly charged directly to Retained Earnings. Plant assets that cost $60,000 and were 80% depreciated were sold during 2012 for $8,000. The loss (not extraordinary) was incorrectly charged directly to Retained Earnings. Net income as reported on the income statement for the year was $59,000. Dividends paid amounted to $10,000. Depreciation charged for the year was $28,000. Prepare a statement of cash flows for the year 2012 using the indirect method