1D Us nonc 123) Vandy Corporation's balance sheet and income statement appear below Comparative Balance Sheet Beginning Balance Ending Balance Assets: Cash and cash equivalents Accounts receivable S 29 73 61 550 319 $ 394 Sales Cost of kiross F Operati Salar Rent S 31 61 59 Inventory Property, plant, and equipment Less accumulated depreciation 684 349 $486 Total assets Depr Amor Liabilities and stockholders' equity: Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 54 21 S 53 20 Utilit 48 52 come 203 61 190 S on 60 me 21 97 me 1 aco $ 394 $ 486 s i Income Statement $807 492 Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Gain on sale of equipment Income before taxes Income taxes Net income 315 182 133 16 149 45 $104 The company sold equipment for $18 that was originally purchased for $14 and that had accumulated depreciation of $12. It paid a cash dividend of $28 during the year and did not retire any bonds payable or repurchase any of its own common stock. Required: Prepare a statement of cash flows for the year using the indirect method