2. The following information is taken from French Corporation's financial statements: (6 points) December 31 $70,000 102,000 $ 27,000 Cash Accounts receivable Allowance for doubtful accounts Inventory Prepaid expenses Land Buildings Accumulated depreciation Patents 80,000 (4,500) 155,000 (3,100) 175,000 6,800 60,000 244,000 7,500 100,000 287,000 (32,000) (13,000) 20,000 35,000 $705.000 611700 $ 90,000 84,000 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings Treasury stock, at cost 63,000 60,000 100,000 312,700 54,000 125,000 100,000 351,000 (15.000)(8,000 $705,000 $611.700 For 2018 Year $63,300 19,000 5,000 Net income Depreciation expense Amortization of patents Gain or loss on sale of patents Using the form on the following page, prepare a statement of cash flows for French Corporation fo he year 2018 using the indirect method