Exercise 5-36 STATEMENT OF CASH FLOWS-INDIRECT METHOD The following are financial statements for Laforge Company Laforge Company Comparative Balance Sheet December 31, 2005 and 2004 Dollars in thousands) 2005 2004 $ 22 200 125 18 1,019 1527) $ 857 $ 16 250 95 10 1.000 (5971 sna Assets Cash Accounts receivable Inventory Prepaid general expenses Mantas Accumulated depreciation-plontos Tokelau Liabilities and Stockholders' Equity Accounts payable Interest poyable Income taxes payable Bonds payable Common stock Roined coming Total Mobilities and stockholders' equity $ 75 10 90 117 333 227 $ 857 $50 8 107 77 300 232 3 774 Laforge Company Condensed Income Stolement For the Year Ended December 31, 2005 Dollars in thousands $1,300 880 $ 420 Seles Cost goods sold Gross probe Operating expenses Depreciation expert Generdlopen Werslepen come lo per Nal income 5.60 240 15 35 350 70 The following information is also available for 2005: (a) Plant assets were sold for their book value of $200 during the year. The assets had an original cost of $330 (1) Cash dividends totaling $75 were paid during the year. (All accounts payable relate to inventory purchases. (d) All purchases of plant assets were cash transactions Prepare a statement of cash flows for 2005 using the indirect method. SERO PROLER