PART 6: STATEMENT OF CASH FLOWS 20 POINTS Diamond Corp. has provided the following information for the year ended December 31, 2018 Diamond Corp Comparative Balance Sheet December 31, 2018 and 2017 Cash Accounts Receivable Merchandise Inventory Plant Assets, net Total Assets 2018 $33,000 29,000 56,000 126.000 $244.000 Increased 2017 Decrease $13,000 $20,000 36,000 (7.000 29,000 27,000 92.000 34.000 $170.000 $74.000 Accounts Payable Accrued Liabilities Long-term Notes Payable Total Liabilities $9,000 7,000 20.000 86,000 $13,000 3,000 79.000 95,000 ($4,000) 4,000 19.0001 19,000 55,000 115,000 (12.000 158.000 3,000 78.000 16.000 25.000 52,000 37.000 (6.000 83.000 Common Stock Retained Earnings Treasury Stock Total Stockholders' Equity Total Liabilities and Stockholders Equity $74.00 $244.000 $120.000 $298,300 Diamond Corp Income Statement Year ended December 31, 2018 Sales Revenue $291,300 Interest Revenue 1,000 Gain on Sale of Plant Assets 6.000 Total Revenues and Gains Cost of Goods Sold 145,000 Salaries and Wages Expense 49,000 Depreciation Expense --Plant Assets 16,000 Other Operating Expense 25,000 Interest Expense 3,500 Income Tax Expense 7.800 Total Expenses Net Income 2463.00 $52.000 Additional information provided by the company includes the following: Equipment costing $60,000 was purchased for cash. Equipment with a net book value of $10,000 was sold for $16,000 Depreciation expense of $16,000 was recorded during the year. During 2018, the company repaid $43,000 of long-term notes payable. During 2018, the company borrowed $34,000 on a new long-term note payable. There were no stock retirements during the year. There were no sales of treasury stock during the year. All sales are on credit. Prepare the 2018 statement of cash flows, using the indirect method