$2013$ The financial statements of Lowz Company appear below: LOWZ COMPANY Comparative Balance Sheet December $312014$ Assets Cash $ $36,000$ Accounts receivable $25,000$ Merchandise inventory $32,000$ Property, plant, and equipment $50\mathrm{.}000$ Accumulated depreciation $(21,000)$ Total $$122\mathrm{.}000$ $ $23,00034,00015,00078,000(24\mathrm{.}000)$ $$126\mathrm{.}000$ Liabilities and Stockholders' Equity $ $18,0009,000$ Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $8,00028,00059\mathrm{.}000$ $$122\mathrm{.}000$ $ $23,0008,00033,00024,00038\mathrm{.}000$ $$126\mathrm{.}000$ LOWZ COMPANY Income Statement For the Year Ended December $31,2014$ Sales Cost of goods sold Gross profit Depreciation Expense Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $$400,000270,000130,0008,00037,00085,0005,00080,00024\mathrm{.}000$ $ $56\mathrm{.}000$ The following additional data were provided: a$.$ During the year, equipment was sold for $$17,000$ cash. This equipment cost $$28,000$ originally and had a book value of $$17,000$ at the time of sale. Instructions: Prepare a statement of cash flows for Lowz Company using the indirect method