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ACC 557 - Homework 5: Chapter 13 P13-7A. Presented below are the nancial statements of Nosker Company. Additional data: 1. Dividends declared and paid were $20,000. 2. During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had a book value of $8,500 at the time of sale. 3. All depreciation expense, $14,500, is in the operating expenses. 4. All sales and purchases are on account. Instructions a) Prepare a statement of cash ows using the indirect method. b) Compute free cash ow