E23.15 (LO2) (SCF-Indirect Method) The following are data taken from the records of Durand SpA. December 31, 2019 December 31, 2018 Cash Current assets other than cash Long-term investments Plant assets 15,000 10,000 85,000 58,000 10,000 53,000 335,000 215,000 445,000 336,000 Accumulated depreciation 20,000 Current liabilities 40,000 40,000 22,000 Bonds payable 75,000 -0- Share capital-ordinary 254,000 254,000 Retained earnings 56,000 20,000 445,000 336,000 Additional information: 1. Held-for-collection investments carried at a cost of 43,000 on December 31, 2018, were sold in 2019 for 34,000. The loss was incorrectly charged directly to Retained Earnings. 2. Plant assets that cost 60,000 and were 80% depreciated were sold during 2019 for 8,000. The loss was incorrectly charged directly to Retained Earnings. 3. Net income as reported on the income statement for the year was 59,000. 4. Dividends paid amounted to 10,000. 5. Depreciation recorded for the year was 28,000. Instructions Prepare a statement of cash flows for the year 2019 using the indirect method.