HAMPTON COMPANY Comparative Balance Sheets December 31 Assets 2014 2013 Cash $ 83,000 $ 22,000 Accounts receivable 85,000 76,000 Inventory 175,000 189,000 Land 75,000 100,000 Equipment 250,000 200,000 Accumulated depreciation-equipment (61,000) (32,000) Total $607,000 $555,000 Prepare statement of cash flows and compute free cash flow. (LO 3, 4) Prepare a statement of cash flowsindirect method. (LO 3) Additional information: 1. Net income for 2014 was $93,000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $52,000 cash. 5. No equipment was sold during 2014. Instructions Prepare a statement of cash flows for 2014 using the indirect method.