Problems #9: Statement of cash flows (Indirect Method) (10 points) Builders' Retail Company has prepared the following comparative balance sheets for 2018 and 2017: 2018 2017 Cash $ 287,000 S 153,000 Accounts receivable 149,000 117,000 Inventory 150,000 180,000 Prepaid expenses 18,000 27,000 Plant assets 1,280,000 1,050,000 Accumulated depreciation (450,000) (375,000) Patent 153.000 174.000 $1.587,000 $1,326,000 Accounts payable S 153,000 $168,000 Accrued liabilities 60,000 42,000 Mortgage payable - 450,000 Preferred stock 525,000 - Additional paid-in capital preferred 120,000 Common stock 600,000 600,000 Retained earnings 129,000 66,000 $1.587.000 $1.326,000 1. The Accumulated Depreciation account has been credited only for the depreciation expense for the period. 2. The Retained Earnings account has been charged for dividends of $ 158,000 and credited for the net income for the year. The income statement for 2018 is as follows: Sales $1,980,000 Cost of sales 1,089.000 Gross profit 891,000 Operating expenses 670,000 Net income S 221.000 Instructions From the information above, prepare a statement of cash flows (indirect method) for the year ended December 31, 2018