QUESTION You are provided with the following statements for Jordan Co. (in 000s): March 31 Balance Sheet Cash Accounts receivable (net) Inventory Land Plant and equipment Accumulated amortization Accounts payable Wages payable Bonds payable, 12% Long-term note payable Common shares Retained earnings Additional information: 2001 2000 $ 36 $ 50 90 50 200 120 220 120 942 540 (202) (220) $1.286 $660 $ 202 $ 22 8 300 0 140 200 380 200 260 230 $1.286 $660 1. Net income for the fiscal year ending March 31, 2001 was $50,000. 2. In 2001, equipment with a cost of $73,200 and accumulated amortization of $52,000 was sold for a gain of $4,000. A new plant was also purchased during the year. 3. In 2001, the firm issued some common shares for cash and some shares in exchange for land. Required: Prepare IN GOOD FORM a statement of cash flows for Jordan Co. for the fiscal year ending March 31, 2001 using the indirect method.