Use the information below to construct a statement of cash flow using the indirect method: - Net income for the year is $50,000 - Accounts receivable increased by $7,000 - - Inventory decreased by $2,000 - Depreciation expense for the year is $10,000 - Accounts payable increased by $5,000 - Other current liabilities decreased by $3,000 - Taxes payable increased by $2,000 - Old equipment with a book value of $2,000 was sold for $3,000 -Old appliances were sold for $24,000 at a loss of $5.000 A new machine was purchased for $11,000 - 1,000 shares of common stock were issued at par value of $10 each and sold at par (for $10 each) Declared and paid dividends of $5,000 - Reimbursed $10,000 of an outstanding loan's capital