Question $3[30$ points$]$

Use the Callaho Inc. financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December $31,2019,$ using the indirect method.

Additional Information:

a$.$ Purchased equipment for $$32,000$ cash

b$.$ Sold the long$-$term investment on January $1,2019$ for $$53,000$

c$.$ Sold equipment for $$18,000$ cash that had originally cost $$56,000$ and had $$38,000$ of accumulated depreciation.

d$.$ Issued $$30,000$ of bonds payable at face value.