Indirect Method-Preparing a Statement of Cash Flows The accounting records of Guci Corp. show the following data for the current year. Additional information: 1. Equipment was sold for its book value of $1,000. 2. Equipment purchased during the year was $3,000. 3. Cash dividends declared and paid were $475. Prepare the statement of cash flows for the current year ended December 31 , using the indirect method to present cash flows from operating activides. - Note: Include a negative sign (-) for any amount that would be subtracted in the statement of cash flows. Indirect Method-Preparing a Statement of Cash Flows The accounting records of Guci Corp. show the following data for the current year. Additional information: 1. Equipment was sold for its book value of $1,000. 2. Equipment purchased during the year was $3,000. 3. Cash dividends declared and paid were $475. Prepare the statement of cash flows for the current year ended December 31 , using the indirect method to present cash flows from operating activides. - Note: Include a negative sign (-) for any amount that would be subtracted in the statement of cash flows