Prepare a statement of cash flows using indirect method

A comparative balance sheet for Josten Corporation is presented below Josten Corporation Comparative Balance Sheets 2017 $33,000 14,000 25,000 78,000 24,000) 126,000 018 sets ash ccounts receivables $24,000 25,000 41,000 69,000 (26,000) 133,000 Inventory Property, Plant, & Equipment ccum. Depreciation Total Assets Liabilities and Stockholders' Equit 43,000 20,000 10,000 ccounts payable Income Taxes payable Bonds payable Common stock Retained earnings $30,000 25,000 20,000 25,000 33,000 133,000 25,000 28,000 Total Liab. And SE equity 126,000 Additional information 1. Net Income for 2018 is $25,000. 2. Cash dividends of $20,000 were declared and paid in 2018 3. Depreciation Expense for 2018 is $5,000. 4. Equipment with a cost of $15,000 and a book value of $12,000 was sold for $12,000 cash (no gain or loss on sale) 5. $10,000 of bonds were issued during the year. 6. Additional Equipment was purchased for $6,000 cash. Instructions Prepare a statement of cash flows for the year ended 2018, using the indirect method