?Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

The following are the financial statements of Nasker Company NOSKER COMPANY Comparative Balance Sheets December 31 2016 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-eauipment 2017 $ 35,250 32,500 26,050 59,450 $ 19,700 18,050 21,000 77,950 Total $123.400 $113.200 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earninas $28,200 7,200 27,000 18,800 42.200 $ 16,500 8,200 33,800 14,950 Total NOSKER COMPANY Income Statement For the Year Ended December 31. 2017 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $241,500 176,250 65,250 24,100 41,150 2,650 38,500 7,700 $30,800 Additional data: 1. Dividends declared and paid were $28,350 2. During the year equipment was sold for $7,850 cash. This equipment cost $18,500 originally and had accumulated depreciation of $10,650 at the time of sale 3. All depreciation expense, $17,000, is in the operating expenses 4. All sales and purchases are on account