Problem 2-Tax Consultants Additional information: 1. Operating expenses include depreciation expense of $33,000 and amortization of prepaid expenses of $2,000. 2. Land was sold at its book value for cash. 3. Cash dividends of $55,000 were paid in 2015. 4. Interest expense of $12,000 was paid in cash. 5. Equipment with a cost of $166,000 was purchased for cash 6. Equipment with a cost of $41,000 and book value of $36,000 was sold for $34,000 cash. 7. Bonds were redeemed at their book value for cash. 8. Common stock ($1 par) was issued for cash. Requirement Prepare the direct and the indirect Statement of Cash Flows for 2015. For the direct method, you may omit the schedule to reconcile net income to cash flows. You may omit the disclosures for any non-cash transactions