prepare the statement of cash flow using the indirect method Bowen corporation

25) An income statement and balance sheet of Bowen Company are presented below Additional information is also listed below. Plant assets were acquired for $47,000. Common stock was issued for $88,000 Equipment was sold for $35,000. Equipment was purchased for S20,000 by executing a note payable. A building was sold for $31,700. Treasury stock was sold for S45,000. Cash dividends of $15,000 were paid. Depreciation expense was for equipment - $4,000, plant asset - 54,100, and building - $6,000 Prepare the statement of cash flows using the indirect method. Bowen Corporation Balance Sheet December 31, 20x6 Cash Accounts Receivable Inventory Prepaid expenses Equipment Plant assets Building December 31, 20X6 $180,200 15,000 23,800 3,000 16,000 52,900 84,000 $374,900 December 31, 20X5 $15,000 28,600 17,000 5,700 36,400 10,000 114,500 $227200 537,400 5,500 15,000 Accounts payable (merchandise) Salary pavable Accrued liabilities Income tax payable Notes payable Common stock Treasury stock Retained earnings 3,800 117,000 138,000 0 58,200 S374.900 $16,000 4,000 19,300 3,000 97,000 50,000 (45,000) 82,900 $227,200