Problem 3 The comparative balance sheet of Barry Company, for 2010 and the preceding year ended December 31, 2009, appears below in condensed form: Year 2010 $ 72,000 61,000 121,000 Cash Accounts receivable (net) Inventories Investments Equipment Accumulated depreciation-equipment Year 2009 $ 42,500 70,200 105,000 100,000 425,000 (175.000) $567.700 515,000 (153,000) $616.000 $ 59,750 Accounts payable Bonds payable, due 2010 Common stock, $20 par Premium on common stock Retained earnings 375,000 50,000 131.250 $61.6.000 $ 47,250 75,000 325,000 25,000 95.450 $567.200 Additional data for the current year are as follows: b) Denren (a) Net income, $75,800. Depreciation reported on income statement, $38,000. () Fully depreciated equipment costing 560,000 was scrapped, no salvage, and equipment was purchased for $150,000. (d) Bonds payable for $75,000 were retired by payment at their face amount (c) 2,500 shares of common stock were issued at $30 for cash. (1) Cash dividends declared and paid, $40,000. (8) Investments of $100,000 were sold for $125,000. Prepare a statement of cash flows using the indirect method