Question 5 [25 points) ABC Inc. began operations on January 1, 2014. Its adjusted trial balance at December 31, 2015 and 2018 is shown below. Other Information regarding ABC Inc. and its activities during 2016 follow in (a) through: a. Assume all accounts have normal balances. b. $7,000 of the long-term notos payable will be paid during 2017 c. Equipment was sold for cash of $40,200. d. Old machinery was sold for cash of $20,000. New machinery was purchased for $41,000 cash e. Common shares were issued for cash f. Cash dividends were declared and paid. Using the information provided, prepare a statement of cash flows (using the Indirect method) for the year anded December 31, 2018. Assume that interest is trots operating activity and dividends paldas financing activity. For impliny. gnore the required disclosures for cash flows associated with interest paid and received, dividends paid and received and income taxes as well as any non-chiedosures that may have occurred in the current year. Plons make sure your final inswer(s) are accurate to 2 decimal places + X X X TEZ Et x 17 December 31 Account 2016 2015 Accounts payable 44.490 59,000 Accounts receivable 80,800 91.250 Accumulated depreciation, equipment 2,000 56,500 Accumulated depreciation, machinery 8,000 59,500 Allowance for doubtful accounts 9,800 11,250 Depreciation expense, equipment 6,500 6,500 Depreciation expense, machinery. 8,300 8,300 Cash 269,640 200,000 Dividends 42,000 42,000 Equipment 16,000 116,000 Machinery 69,200 120,000 Inventory 70,580 90,000 Long-term notes payable 42,180 51,000 Other expenses (including losses) 640,000 35,000 Retained earnings 59,000 48,000 Revenues (including gains). 676,800 102,800 Common shares 327,000 282,000 Unearned revenue 33,730 39,000 points) MacBook Air