E138 Here are comparative balance sheets for Syal Company. Syal Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment A ccumulated depreciationequipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total Additional information: 1. Net income for 2014 was $103,000. 2. Depreciation expense was $32,000. 3. Cash dividends Of $45,000 were declared and paid. 2014 s 73.000 85.000 170,000 73,000 260,000 (66,000) $595,000 s 35,000 150,000 216.000 194.000 $595,000 2013 s 33.000 71.000 187,000 100,000 200,000 (34, 000) $557,000 s 47,000 200,000 174.000 136.000 $557,000 4. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 5. Common stock was issued for $42,000 cash. 6. No equipment was sold during 2014. 7. Land was sold for its book value of $27,000. Ins ions Prepare a statement of cash flows for 2014 using the indirect method.