O # 3. Condensed financial data of Cheese LTD. appear below. CHEESE LTD. Comparative Balance Sheets December 31, 2019 Assets 2019 2018 Cash 80,800 48,400 Accounts receivable 92.800 33.000 Inventory 117,500 102.850 Prepaid expenses 28,400 26,000 Investments 143,000 114,000 Equipment 270.000 242,500 Accumulated depreciation equipment (50,000) (52,000) Total Tk.682.500 TK.514.750 Liabilities and Stockholders' Equity Accounts payable 112,000 67,300 Accrued expenses payable 16,500 17,000 Bonds payable 110,000 150,000 Common stock 220,000 175,000 Retained earnings 224.000 105.450 Total Tk.682.500 Tk.514.750 CHEESE LTD. Income Statement For the Year Ended December 31, 2019 Tk. 392,780 Sales revenue Less: Cost of goods sold Tk. 135.460 Operating expenses, excluding Depreciation 12,410 Depreciation expense 46,500 Income tax expense 27.280 Interest expense 4,730 Loss on disposal of plant assets 7.500 Net income 233.880 Tk.158.900 Additional information: 1. New equipment costing Tk.85,000 was purchased for cash during the year. 2. Old equipment having an original cost of Tk.57,500 was sold for Tk. 1,500 cash. 3. Bonds matured and were paid off at face value for cash. 4. A cash dividend of Tk.40,350 was declared and paid during the year. Requirement: Prepare a statement of cash flows using the indirect method