Exercise IV: Newman Corporation's comparative balance sheets are presented below. NEWMAN CORPORATION Comparative Balance Sheets December 31 2010 Cash $ 10,200 Accounts receivable 25,200 Investments 25,000 Equipment 60,000 Accumulated depreciation (14.000) Total $106.400 Accounts payable $ 14.600 Bonds payable 10,000 Common stock 50,000 Retained earnings 31.800 Total $106,400 2009 $ 17,700 22,300 16,000 70,000 (10,000) $116.000 $11,100 30,000 45,000 29.900 $116.000 Additional information: 1. Net income was $15,300. Dividends declared and paid were $13,400. 2. Equipment which cost $10,000 and had accumulated depreciation of $2,200 was sold for $3,800. 3. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. Instruction : Prepare a statement of cash flows for 2010 using the indirect method