Prepare Cash flow statement with indirect method

351,000 291,000 Accumulated amortization (65,000) (62,400) $813,150 $569,700 Accounts payable $130,000 $ 80,760 Income taxes payable 21,450 20,400 Bonds payable 97,500 132,000 Common shares 260,000 210,000 Retained earnings 304,200 126,540 $813,150 $569,700 Sales $479,892 Cost of goods sold $161,644 Amortization 58,800 Other cash expenses 17,374 Income taxes expense 10, 185 Interest expense 3,822 Loss on sale of equipment 16,800 (268,625) Net income $211,267 (1) There was no gain or loss on the long-term investments sold or the bonds retired. (2) Old equipment with an original cost of $75,100 was sold for $2,100. (3) Additional shares were issued during the year. O sage DELL