Part II. The following is Noel Corporation's comparative balance sheets for 2018 and 2017: Cash Accounts receivable Inventories Property, plant, and equipment Accumulated depreciation Investment in Trent Corporation Loan receivable Total assets December 31, 2018 400,000 $ 564,000 925,000 1,653,500 (582,500) 152,500 135,000 $ 3,247,500 $ 2017 350,000 584,000 857,500 1,483,500 (520,000) 137,500 2.892,500 S 477,500 25,000 45,000 Accounts payable Income taxes payable Dividends payable Capital lease obligation Capital stock, common, S1 par Additional paid-in capital Retained earnings Total liabilities and stockholders' cquity 507,500 $ 15,000 40,000 200,000 250,000 750,000 1,485,000 3.247,500 $ 250,000 750,000 1,345,000 2.892,500 $ Additional information: 1. On December 31, 2017, Noel acquired 25 percent of Trent Corporation's common stock for $137,500. On that date, the carrying value of Trent's net assets and liabilities which approximated fair value) was $550,000. Trent reported income of $60,000 for the year ended December 31, 2008. No dividend was paid on Trent's common stock during the year, 2. During 2018, Noel loaned $150,000 to Lee Company, an unrelated entity. Lee made the first semi- annual principal payment of $15,000, plus interest at 10 percent, on October 1, 2018. 3. On January 2, 2018, Noel sold equipment costing $30,000, with a carrying value of $17,500, for $20,000 cash. 4. On January 2, 2018, Noel entered into a capital lease for an office building. The present value of the annual rental payments is $200,000, which equals the fair value of the building. Noel made the first lease payment of $30,000 when due on January 2, 2019. 5. Noel's net income for 2018 was $180,000. 6. Noel declared and paid cash dividends for 2018 and 2017 as follows: 2018 2017 Declared Dec. 15, 2018 Dec. 15, 2017 Paid Feb. 28, 2019 Feb. 28, 2018 Amount $ 40,000 $ 45,000 Required: Prepare a statement of cash flows for Noel Company for 2018 using the indirect method. Show your works