1. Rod Company Comparative Balance Sheet December 31 Dec.31, 2018 Dec.31, 2019 $ 48,000 $ 24,000 Cash Accounts receivable, net 30,000 38,000 Inventory 114,000 82,000 Land 120,000 190,000 200,000 200,000 (50,000) (40,000) Building Accumulated depreciation Equipment Accumulated depreciation 1,030,000 600,000 (118,000) (94,000) $ 1,374,000 $ 1,000,000 $ 110,000 $ 100,000 320,000 -0- Accounts payable Bonds payable Common stock, $10 par Retained earnings 760,000 760,000 184,000 140,000 $ 1,374,000 $ 1,000,000 Additional Data: 1. Cash dividends were paid amounting to 5% for the year. 2. Land was sold for $76,000. 3. Potts sold equipment, which cost $120,000 and had accumulated depreciation of $72,000, for $30,000. Required: Prepare a statement of cash flows using the indirect method. (45 pts)