On the basis of the folowing data for Teller Co. for 2008 and the preceding year ended Dec 21, 2008, prepare a statement of cash flows. Use the indirect method of reporting cash flows from operating activities. Assume that equipment costing $125,000 was purchased for cash and equipment costing $85,000 with accumulated depreciation of $65,000 was sold for $15,000; that the stock was issued for cash; adn that the only enteries in the retained earnings account were net income of $51,000 and cash dividends declared of $13,000. Cash $100,000 (2008) 78,000 (2007) accounts receivable (net) 78,000 (2008) 85,000 (2007) inventories 101,500 (2008) 90,000 (2007) equipment 410,000 (2008) 370,000 (2007) accounts payable (merchandise creditors) 58,500 (2008) 55,000 (2007) cash dividends payable 5,000 (2008) 4,000 (2007) common stock, $10 par 200,000 (2008) 170,000 (2007) paid in capital in excessof parcommon stock 62,000 (2008) 60,000 (2007) retained earnings 214,000 (2008) 186,000 (2007)