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) (3,100) 175,000 6,800 60,000 244,000 155,000 7,500 100,000 287,000 (32,000) (13,000) -20.000-35.000 $705.000 611700 s 90,000 84,000 63,000 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings Treasury stock, at cost 54,000 125,000 100,000 351,000 60,000 100,000 312,700 (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