Prepare statement of cash flows using the indirect method. The income statement for 2021 and the balance sheets for 2021 and 2020 are presented for Hoover Industries, Inc. lClick the icon to view the income statement. (Click the icon to view the balance sheets.) (Click the icon to view additional information.) Requirement Income Statement Balance Sheets Additional information Additional information follows: a. Sold plant asset for $4,400. The original cost of this plant asset was $10,000 and it had $9,100 of accumulated depreciation associated with it. b. Paid $5,500 on the bonds payable; issued $37,500 of new bonds payable. c. Declared and paid cash dividends of $10,600. d. Purchased new investment for $11,000. Paid cash. e. Purchased new equipment for $40,000. Paid cash. Prepare statement of cash flows using the indirect method. The income statement for 2021 and the balance sheets for 2021 and 2020 are presented for Hoover Industries, Inc. lClick the icon to view the income statement. (Click the icon to view the balance sheets.) (Click the icon to view additional information.) Requirement Income Statement Balance Sheets Additional information Additional information follows: a. Sold plant asset for $4,400. The original cost of this plant asset was $10,000 and it had $9,100 of accumulated depreciation associated with it. b. Paid $5,500 on the bonds payable; issued $37,500 of new bonds payable. c. Declared and paid cash dividends of $10,600. d. Purchased new investment for $11,000. Paid cash. e. Purchased new equipment for $40,000. Paid cash