Question 3 Not complete Marked out of 20.00 Flag question Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $9,500 Accounts receivable increase 13,300 Wages payable decrease Amortization expense Cash balance, January 1 Cash balance, December 31 5,700 30,400 57,000 13,300 Cash paid as dividends 11,400 Cash paid to purchase land 190,000 Cash paid to retire bonds payable at par 142,500 Cash received from issuance of common stock 85,500 Cash received from sale of equipment 22,800 Depreciation expense 74,100 Gain on sale of equipment 26,600 Inventory increase 24,700 Net income 182,400 Prepaid expenses increase 15,200