3. Bonds payable amounting to $59,000 were redeemed for cash $59,000. 4. Commonstock was issued for $40,000 cash. 5. Equipment that cost $1,000 and had a book value of $32,000 was sold for $35,000 during 2020 ; land was sold at cost. (a) Your answer is correct. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign ez. 15,000 or in parenthesis e.3. (15,000). Additional information: 1. Net income for 2020 was $104,000. 2. Cash dividends of $41,000 were declared and paid. 3. Bonds payable amounting to $59,000 were redeemed for cash $59,000. Here are comparative balance sheets for Crane Company. Prepare a statement of cash flows -indirect method. Compute free cash flow for 2020 . (Show amounts that decrease cash flow with either a-sign es - 15,000 or in parenthesis es (15,000) ) Freecash flow