Presented below are the financial statements of Newman Company.NEWMAN COMPANYComparative Balance SheetsAssetsDecember $3120042003$Cash$ $31\mathrm{.}000$$ $20,000$Accounts receivable$18,00014,000$Merchandise inventory$27,00020,000$Property, plant, and equipment$80,00078,000$Accumulated depreciation$(30,000)(24,000)$Total$$126,000$$$108,000$Liabilities and Stockholders' EquityAccounts payable$ $29,000$Income taxes payable$7,000$Bonds payable$27,000$Common stock$18,000$Retained earnings$45,000$Total$$126,000$$ $15,0008,00033,00014,00038,000$$ $108,000$NEWMAN COMPANYIncome StatementFor the Year Ended December $31,2004$$ $18,0006,000$SalesCost of goods soldGross profitSelling expensesAdministrative expensesIncome from operationsInterest expenseIncome before income taxesIncome tax expenseNet incomeInstructions$($a$)$ Prepare a statement of cash flows using the indirect method.