Based on the following information, prepare the cash flow statement using the indirect method. 480,000 income statement Sales cost of goods sold salaries expense depreciation expense interest expense rent expense loss on equipment disposal 243,200 55,200 24,000 4,500 36,000 1,400 net income 364,300 115,700 S Statement of Retained Earnings Beginning Balance - Retained Earings Plus - Net Income Less - Dividends Ending Balance - Retained Earnings 36,300 115,700 (18,000) 134.000 $ Balance sheets 2020 2021 changel Assets: Cash Accounts Receivable Inventory prepaid expenses Equipment 27,500 32,600 48,000 7,200 56,000 72,600 47,600 54,800 5,200 77,000 45,100 15,000 6,800 (2.000) 21,000 (6.000) Accum. Depr - Equipment total assets (26,500) 144.800 (32,500) 224,700 Liabilities: Accounts Payable accrued Liabilities Bonds Payable total liabilities 12,700 3,800 72.000 88,500 25,700 5.000 40,000 70,700 13,000 1,200 (32,000) shareholders Equity: Common Stock Retained Eamings total equity total liabilities and shareholder equity ol 97,700 20,000 36,300 56,300 144,800 20,000 134,000 154,000 224,700 other info: new equipment purchase of 46,000