Big Cheese Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information for the year 2020 . Big Cheese Company Balance Sheet December 31, 2020 Big Cheese Co. Income Statement For the Year Ended December 31, 2020 Big Cheese Co. Statement of Retained Earnings For the Year Ended December 31, 2020 Additional information provided: - Equipment costing $52,000 was purchased for cash. - Equipment with a net asset value of $10,000 was sold for $14,000 - Depreciation expense of $12,000 was recorded during the year. - The company repaid $40,000 of long-term notes payable. - The company borrowed $34,000 on a new note payable - There were no share retirements during the year. Required: Refer to the financial statements and information above. Prepare a statement of cash flows in good form assuming that Big Cheese Company uses the indirect method