Please explain how the numbers are gotten. I am extremely confused with how to do this!

Prepare a statement of cash flows, using the indirect method, with the information which follows:

ABC Company reports the following comparative balance sheet:

ABC COMPANY

BALANCE SHEET

DECEMBER 31, 2018 AND DECEMBER 31, 2017

ASSETS 2017 2018

CASH 37,000 54,000

ACCOUNTS RECEIVABLE 26,000 68,000

INVENTORY - 54,000

PREPAID EXPENSES 6,000 4,000

LAND 70,000 45,000

BUILDINGS 200,000 200,000

ACCUMULATED DEPRECIATION-BULDING 11,000 21,000

EQUIPMENT 68,000 193,000

ACCUMULATED DEPRECIATION-EQUIPMENT 10,000 28,000

TOTAL ASSETS 386,000 569,000

In addition, ABC Company reports the following income statement items:

Sales Revenue $890,000

COGS $465,000

Operating Expenses 221,000

Interest Expense 12,000

Loss on disposal of equip 2,000 $700,000

Income Before taxes $190,000

Income Tax Expense $65,000

Net Income $125,000

You are also given the following information

Operating expenses include depreciation expense of $33,000

Land was sold at its book value ($25,000) for cash

Cash dividends of $55,000 were paid in 2018

Interest expense of $12,000 was paid in cash

Equipment with a cost of $166,000 was purchased for cash. Equipment with a cost of $41,000 and a book value of $36,000 was sold for $34,000 cash.

Bonds of $10,000 were redeemed at their face value for cash. Bonds of $30,000 were converted into common stock.

Common stock of $130,000 was issued for cash

Prepare the statement of cash flows for ABC Company using the indirect method.

Calculate the free cash flows for ABC Company given the above information.