Presented here are the financial statements of Swifty Company. Prepare a statement of cash flows for Swifty Company using the direct method. Presented here are the financial statements of Swifty Company. Additional data: $1.$ Depreciation expense was $\backslash (\backslash$$ $17,300\backslash )2.$ Dividends declared and paid were $\backslash (\backslash$$ $19,860\backslash ).3.$ During the year, equipment was sold for $\backslash (\backslash$$ $6,600\backslash )$ cash. This equipment originally cost $\backslash (\backslash$$ $17,600\backslash )$ and had accumulated depreciation of $\backslash (\backslash$$ $11,000\backslash )$ at the time of sale. $4.$ Bonds were redeemed at their carrying value. $5.$ Common stock was issued at par for cash. Further analysis reveals the following. $1.$ Accounts payable pertain to merchandise suppliers. $2.$ All operating expenses except for depreciation were paid in cash. $3.$ All depreciation expense is in the selling expense category. $4.$ All sales and imventory purchases are on account.Prepare a statement of cash flows for Swifty Company using the direct method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).($b$)$ Compute free cash flow. $($Enter negative amount using either a negative sign preceding the number e$.$g$.45$ or parentheses e$.$g$.(45).)$