On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that costing $25,000 was purchased for cash and no long-term assets were sold during the period. Stock was issued for cash-3,200 shares at par. Net income for the current year was $76,000. Cash dividends decared and paid were $13,000. Year Prior Year s 170,000 $74,000 Accounts Receivable (net) Equipment 395,000 370,000 ) Accumulated D s 554,500 $461,000 Liabilities and stockholders' equity Taxes Payable 239,000 Total Liabilities and Stockholders' Equity Breach Ca