Question 18 of 20 The following is a comparative statement of financial position and income statement for Carla Corporation: Question 18 of 20 /15 Liabilities and Shareholders' Equity \begin{tabular}{lrr} Accounts payable & $60,680 & $67,240 \\ Income tax payable & 17,220 & 11,480 \\ Bonds payable & 738,000 & 779,000 \\ Common shares & 164,000 & 114,800 \\ Retained earnings & 237,000 & 214,820 \\ & $1,187,340 \\ \hline \end{tabular} ADDITIONAL INFORMATION: - Depreciation expense is included in operating expenses. - During the year, equipment that originally cost $82,000 was sold for cash. The equipment was 60% depreciated at the time of the sale. - Long-term investments were purchased for cash during the year. Prepare a statement of cash flows for Carla Corporation using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. 15,000 or in parenthesis e.g. (15,000).) Question 18 of 20 /15 Carla Corporation Statement of Cash Flows-Indirect Method $ Adjustment to reconcile profit to $ Question 18 of 20 115 Question 18 of 20 /15