Prepare the statement of cash flows from operating activities using the indirect method. The company had the following information available: (20 points) $ 500,000 $ 115,000 $1,000,000 Net Income Depreciation expense for the year was Sold equipment Issued common stock Purchased treasury stock Purchased equipment Decrease in accounts receivable Increase in prepaid insurance Decrease in accounts payable Increase in taxes payable Decrease in interest payable Gain on equipment sold Issued bonds at 7% $1,500,000 $500,000 $750,000 $ 25,000 $ 82,000 $ 50,000 $ 20,000 $5,000 $ 650,000 $ 550,000