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Additional data: 1. Depreciation expense was $17,500. 2. Dividends declared and paid were $20,000. 3. During the year equipment was sold for $8,500 cash. This

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Additional data: 1. Depreciation expense was $17,500. 2. Dividends declared and paid were $20,000. 3. During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had accumulated depreciation of $9.500 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Commonstock was issued at par for cash. Dronare a ctatament if rash flows using the indirect method. (Show omounts that decrease cash flow with either a-sign eg. 15,000

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