Question 6 [25 points] Ludwig Inc. began operations on January 1, 2013. Its adjusted trial balance at December 31, 2014 and 2015 is shown below. Other information regarding Ludwig Inc. and its activities during 2015 follow in (a) through (e) : a. Assume all accounts have normal balances. b. Equipment was sold for cash of $43,600. c. Old machinery was sold for cash of $11,700. New machinery was purchased for $40,000 cash. d. Share capital was issued for cash. e. Cash dividends were declared and paid. Using the information provided, prepare a statement of cash flows (using the indirect method) for the year ended December 31, 2015. Ludwig Inc. Adjusted Trial Balance Account December 31 2015 2014 (select one) Statement of Cash Flows (select one) + Accounts Payable.. Accounts Receivable Accumulated Depreciation, Equipment Accumulated Depreciation, Machinery. Allowance for Doubtful Accounts Depreciation Expense, Equipment Depreciation Expense, Machinery Cash Cash Dividends Equipment Machinery, 56,150 48,000 72,700 74,000 2,000 51,000 8,100 65,000 4,700 16,000 10,000 10,000 7,900 7,900 374,180 385,000 65,000 65,000 14,000 114,000 66,200 103,000 Merchandise Inventory. 29,420 28,000 Long-term Notes Payable, 76,300 96,000 Other Expenses (including losses) 530,000 40,000 Retained earnings. ........... 71,000 82,000 Revenues (including gains) Share capital 567,900 111,900 353,000 323,000 30,250 34,000 Unearned Revenue