Prepare a statement of cash fows-indirect method. (LO 3) E13-8 Here are comparative statements of financial position for Syal Company Addit. 1. Net income for 2014 was $103,000. 2. Depreciation expense was $32,000. 3. Cash dividends of $45,000 were declared and paid. 4. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 5. Ordinary shares were issued for $42,000 cash. 6. No equipment was sold during 2014 . 7. Land was sold for its book value of $27,000. Instructions Prepare a statement of cash flows for 2014 using the indirect method