Problem&: Prepare the statement of cash flows using the indirect method. The company had the following information: (20 points) 50,000 $5,000 $ 2,000 $ 18,000 10,000 5,000 $2,000 Net Income Depreciation expense for the year was Prepaid insurance decreased Inventory decreased Accounts Payable increased Decrease in interest payable Loss on equipment sold Cash flows from operating activities