The indirect method please.

Instructions The net income reported on the income statement for the current year was $58,000. Depreciation recorded on fixed assets for the year was $24,000. In addition, equipment with an original cost of $130,000 and accumulated depreciation of $115,000 on the date of the sale, was sold for $20,000. Balances of the current asset and current liability accounts at the end and beginning of the year are listed below. End Beginning Cash Accounts receivable (net) Inventories Prepaid expenses $65,000$70,000 63,000 85,000 102,000 4,500 Accounts payable (merchandise creditors)50,00058,000 6,500 7,500 70,000 4,000 Cash dividends payable 4,500 Salaries payable 6,000 Prepare the cash fiows from operating activities section of a statement of cash flows using the