3. McKnight Exercise Equipment, Inc., reported the following financial statements for 2018: Income Statement $714,000 Sales Cost of Goods sold Depreciation Other expenses Total Expenses Net Income $ 347,000 $52,000 $ 205,000 $604,000 $110,000 Comparative Balance Sheet 2018 2017 2018 2017 Assets Current Assets: Cash A/C Receivables Inventory Long term investment Plant assets(net) 19000 54000 81000 95000 221,000 18000 49000 89000 77000 183,000 Liabilities Current Liabilities: A/C Payable Salary payable Long term bonds Equity: Shares Retained Earnings 73000 2000 59000 72000 5000 66000 47000 289000 470,000 34000 239000 416,000 470,000 416,000 From the information above make a statement of cash flows for McKnight using the indirect method