Part B Comparative balance sheets for Lonely Company are presented below. Assets Cash Account Receivables Inventories Land Equipment Accumulated Depreciation Total Lonely Company Comparative Balance Sheets As at 31 December Liabilities and Stockholder Equity Accounts payable Bonds payable Common stock (RM 1 par) Retained Earnings Total 2018 (RM) 58,000 85,000 180,000 80,000 260,000 (66,000) 597,000 34,000 150,000 194,000 219,000 597,000 2017 (RM) Instruction: Prepare a statement of cash flows for 2018 using the indirect method. 22,000 76,000 189,000 100,000 200,000 (42,000) 545,000 47,000 200,000 164,000 134,000 545,000 Additional information: 1. Net income for 2018 was RM125,000. 2. Cash dividends of RM 40,000 were declared and paid. 3. Bonds payable amounting to RM 50,000 were redeemed for cash RM 50,000. 4. Common stock was issued for RM 30,000 cash. 5. Depreciation expense was RM 24,000. 6. Sales for the year were RM 978,000. (12 marks) [TOTAL 100 MARKS]