Brian and Julie Running Company Selected Financial Statements Comparative Balance Sheet 12/31/2018 1/1/2018 Assets Cash $ 74,000 $ 98,000 Accounts receivable 52,000 72,000 Prepaid expenses 12,000 Long term investments 1,000 2,000 Land 140,000 Building 400,000 Equipment 136,000 Accumulated depreciation (42,000) Total Assets $ 773,000 $ 172,000 Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings Total 81,000 12,000 300,000 120,000 120,000 272,000 40,000 $ 773,000 $ 172,000 Selected Income Statement (12/31/2018) Revenues $ 984,000 Operating expenses (excludes depreciation 538,000 Depreciation expense 42,000 Total operating expenses 580,000 Income from operations 404,000 Income tax expense 136,000 Net income $ 268,000 Other relevant information BJRC paid $36,000 in cash dividends Required: Prepare the cash flow statement using the indirect method