Bentley Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Other information regarding Bentley Inc. and its activities during 2015 follow in (a) through (e) : a. Assume all accounts have normal balances. b. Equipment was sold for cash of $14,700. c. Old machinery was sold for cash of $19,400. New machinery was purchased for $31,000 cash. d. Share capital was issued for cash. e. Cash dividends were declared and paid. Using the information provided, prepare a statement of cash flows (using the indirect method) for the year ended December 31, 2015. Bentley Inc. Adjusted Trial Balance December 31 Account 2015 2014 Accounts Payable 61,130 52,000 Accounts Receivable 62,000 61,625 Accumulated Depreciation, Equipment 2,400 76,500 Accumulated Depreciation, Machinery. 4,500 83,500 Allowance for Doubtful Accounts 7,000 10,625 Depreciation Expense, Equipment 10,200 10,200 Depreciation Expense, Machinery 6,500 6,500 Cash 324,630 280,000 Cash Dividends 43,000 43,000 Equipment 23,700 122,000 Machinery 42,500 117,000 Merchandise Inventory 83,920 72,000 Long-term Notes Payable 79,540 89,000 Other Expenses (including losses). 570,000 25,000 Retained earnings 69,000 79,000 Revenues (including gains). 619,700 74,700 Share capital 291,000 246,000 Unearned Revenue 32,180 26,000 Bentley Inc. Statement of Cash Flows For the Year Ended December 31, 2015