Purchased a long-term investment for cash, $22,800. Paid cash dividend, $13,300. Sold equipment for $12,500 cash (cost, $34,000, accumulated depreciation, $21,500). Issued shares of no-par stock, 600 shares at $10 per share cash. Net income was $26,700. Depreciation expense was $4,300. Balances 31 Dec Current Year Balances 31 Dec Prior Year Cash 23,100 25,700 Accounts receivable 35,000 35,000 Merchandise inventory 82,800 74,500 Investments 22,800 0 Equipment 87,000 121,000 Accumuilated depreciation (16,100) (33,300) Total 234,600 222,900 Accounts payable 15,300 23,500 Wages payable 2,800 5,100 Income taxes payable 7,100 4,300 Notes payable 67,000 67,000 Share capital 106,000 100,000 Retained earnings 36,400 23,000 Total 234,600 222,900 Prepare the statement of cash flows for the current year in proper format using indirect method. Show the workings in the space provided. You do not need to prepare ledger accounts, but we have provided space so that you may prepare them if you wish to prepare them to calculate some figures.