Pearl Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable $53,200$42,000 Income taxes payable 19,60022,400 Bonds payable Common stock Retained earnings Total $310,800140,000$302,400106,400 Additional data: 1. Depreciation expense was $49,000. 2. Dividends declared and paid were $56,000 3. During the year, equipment was sold for $23,800cash. This equipment originally cost $50,400 and had accumulated depreciation of 526600 at the time of sale, 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (a) Prepare a statement of cash flows using the indirect method. (Show amounts thot decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000). Increase inlmventory Increase in Accounts Payable Decrease in income Tares Payable Net Cash Provided by Operating Activities ? Cash Flows from Investing Activities Sale of Equipment Net Cash Provided by Investing Activities : Cash Flows from Financing Activities Payment of Dividends Isuance of Common Stock Issuance of Common Stock Redemption of Bonds Cashat Beginning of Period Cashat End of Period