2017 Problem #1 BL Co. has the following balance sheet: 2018 Cash $18,000 A/R 17,500 Inventory 16,000 L/T Investments 13,000 Equipment 19,000 Accum Depr (12,000) $11,500 19.000 14,000 17,000 (11,500) A/P Accrued expenses Bonds Payable Common Stock Retained Earnings $12,000 2,000 14,000 19,000 24,500 $9,000 3,000 15,000 17,000 19,000 The condensed income statement for 2018 is as follows: Sales COGS Gross Profit Operating expenses Net Income $69,000 47.000 22,000 11.500 $10,500 Additional Data: Equipment was bought for cash. Investments were sold at book value. Dividends were paid in cash. Stock was issued for cash. Bonds were retired for cash. Prepare a statement of cash flows - Indirect method. Show computations