LO12-2, 12-4, 12-6 balance sheets and income statement are summarized below: Page 674 Additional Data: a. Bought equipment for cash, $31,000. Sold equipment with original cost of $10,000, accumulated depreciation of $7,000, for $4,000 cash. b. Paid $6,000 on the long-term note payable. c. Issued new shares of stock for $16,000 cash. d. No dividends were declared or paid. e. Other expenses included depreciation, $12,000; wages, $13,000; taxes, $6,000; and other, $7,800. Required: 1. Prepare the statement of cash flows for the year ended December 31, current year, using the indirect method. 2. Evaluate the statement of cash flows