Aledia Honammad-A 123) Vandy Corporation's balance sheet and income statement appear below Comparative Balance Sheet Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Ending Balance Beginning Balance 29 73 61 550 319 31 61 59 684 349 S 486 S 394 54 53 20 21 48 52 190 60 203 61 21 97 $ 394 Total liabilities and stockholders' equity S 486 Income Statement $807) 492 315 182 133 16 149 45 $104 Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Gain on sale of equipment Income before taxes Income taxes Net income The company sold equipment for $18 that was originally purchased for $14 and that had accumulated depreciation of $12. It paid a cash dividend of $28 during the year and did not retire any bonds payable or repurchase any of its own common stock. OV Required: Prepare a statement of cash flows for the year using the indirect method