1004-40131 P13-7B Presented below are the financial statements of Rocastle plc. Prepare a statement of cash flows-indirect method, and compute free cash flow (LO 3, 4) 2016 ROCASTLE plc Comparative Statements of Financial Position December 31 Assets 2017 Equipment 70,000 78,000 Accumulated depreciation- equipment (27,000) 43,000 (24,000) Inventory 45,000 Accounts receivable 25,000 Cash 18,000 Total 131,000 54,000 25,000 14,000 33,000 126,000 Equity and Liabilities Share capital-ordinary Retained earnings Bonds payable Accounts payable Income taxes payable Total 25,000 31,000 20,000 31,000 24,000 131.000 25,000 28,000 10,000 43,000 20,000 126,000