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} Corpurative balance sheets, income statemust, mi adlitical information follow ABD Company Income Statement For Year ended December 31, 2016 S44100 Cor dod sold 32.300 Other operating en 12000 Depreciation expanse 25.500 Culo 70,000 Other info Loss one of 2100 Loss on terment of bonds 825 14.125) Incoes belo 1825 25 Noncom 150 ABD Company Balance Sheets December 31, 2016 and 2015 $20 A ch ACES wwwmay wead a d Academia 125 G Additional Information 2. Equipment costing $21,375 with accumulated depreciation of $11,100 is sold for cash. b. Equipment purchases are for each c. Accumulated Depreciation is affected by depreciation expense and the sale of equipment d. The balance of Retained Earnings is affected by dividend declarations and net income. e. All sales are made on credit. f. All inventory purchases are on credit. g. Accounts Payable balance: result from inventory purchases. h. Prepaid expenses relate to "other operating expenses. Required: Prepare a statement of cash flows using the indirect method for year 2018 ABD Campar Income Statement For Year ended December 31, 2016 W4100 Cost of goods Other operating 120.000 Depreciation 251500 100 70.000 Other n (los) Loss on sale of equipment 2000 Los on recent of bonds 325 (4,125) Income before 73.875 Income HD (12.725) Net Income $160,150 2015 $ 22.95 146475 ABD Company Balance Sheets December 31, 2016 and 2015 2018 Assets Ch $ 3.050 Accounts rece W125 Hentary 152 Prepaid 1600 Tou current sets 2015 Eigenent. Aus depreciation 1950 Tools S0658 Liabilities Accounts payable $ 238 3.130 Dididuyable 14.30 SH - 290 12115 Bonds Telt Equity Rendang Additional Information a. Equipment costing $21.375 with accumulated depreciation of S11,100 is sold for cash. b. Equipment purchases are for cash c. Accumulated Depreciation is affected by depreciation expense and the sale of equipmen d. The balance of Retained Eamings is affected by dividend declarations and net income. e. All sales are made on credit. f. All inventory purchases are on credit. g. Accounts Payable balances result from inventory purchases. h. Prepaid expenses relate to "other operating expenses. Required: Prepare a statement of cash flows using the indirect method for year 2016