12) Use the following selected data and additional information from the records of Morton Corp. to answer the questions that follow! Balance Sheet Data 2012 2011 Accounts receivable Rs. 36000 Rs. 42000 Inventories 28000 25000 Accounts Payable 31000 35000 Salaries Payable 2000 1000 Equipment 40000 Accumulated Depreciation 12000 16000 Bonds Payable 50000 100000 Common Stock 150000 100000 Retained Earnings 38000 20000 60000 300000 84000 30000 Income Statement Data 2012 Net Sales Rs. 420000 Cost of goods Sold Operating Expense(Excluding Depreciation expense) Net Income Gain on sale of equipment(Included in net 2000 income above) Additional Information: Equipment with a cost of Rs. 15000 and a book value of Rs. 3000 was sold for Rs. 5000 during 2012. Common stock was issued to retire bonds payable 2012 The only items affecting retained earnings in 2012 were net income and dividends declared and paid. Required: Prepared a statement of cash flow for Morton Corp. for 2012 (Using Indirect Method)