Condensed financial data of Kramerica Industries, Inc. follow: net ncomet 17sa Kramerica Industries, Inc. Comparative Balance Sheets December 31 2017 2016 Assets Cash Accounts receivable Inventory Prepaid expenses Investments Equipment $109,700 $47,900 32,700 92,200 113,000 101,200 29,900 139,800 113,500 265,400 242,200 (47,200) (53,000) 25,900 Accumulated depreciation-equipment Total $702,800 $510,400 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $111,800 $67,300 16,100 17,100 149,600 219,400 174,500 236,800 101,900 $702,800 $510,400 118,700 Total Kramerica Industries, Inc Income Statement For the Year Ended December 31, 2017 Sales revenue $392,800 Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense Loss on disposal of plant assets $134,900 12,400 31,100 26,900 4,100 7,500 216,900 175,900 Net income Additional information: 1. New equipment costing $80,500 were purchased for cash during the year. 2. Old equipment having an original cost of $57,300 was sold for $12,900 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of $41,000 was declared and paid during the year. Prepare a statement of cash flows using the indirect method