Additional information about transactions and events occurring in 2018 follows: 1. Dividends of $50,000 were declared during the year. 2. On January 1, 2018, the company issued 10 year, $100,000, 12% bonds at a market rate of 10%. Interest on the bonds is paid annually on December 31. 3. On June 30, 2018, the company sold equipment for a $20,000 gain. The equipment was purchased on June 30, 2016 for $75,000. It was being depreciated using straight-line with no salvage value over a 10 year useful life. 1Spoooo KS 1i soo Col ol 3150 2ote The notes payable on the books at January 1, 2018 are interest-bearing. A poftin of these notes payable were paid down during the year. Interest expense on all notes payable totaled $8,000 for the year 4. Cash receipts of $50,000 for shipments that were not made until 2017 were mistakenly recorded as revenue and included in net income. This error has not been corrected in the balance sheet above, but it must be corrected to produce a statement of cash flows 5. 6. Net Income for the period totaled $245,500. Cost of Goods Sold for the period totaled $40,800. Using this financial statement data, prepare a complete statement of cash flows, using the INDIRECT method