Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow Question 1 of 7 135 . eTextbook and Media Sive for Liter Attempts: 0 of 2 used Additional data: 1. Depreciation expense was $38,500. 2. Dividends declared and paid were $44,000. 3. During the year, equipment ws sold for $18,700 cash. This equipment originally cost $39,600 and had accumulated depreciation of $20,900 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. 15,000 or in parenthesis e.g. (15,000).) Presented here are the financial statements of Teal Company