Section C: CLO1.2 (7 Points) Q. No. 11 The comparative balance shects for Kexler Company appear below: KEXLER COMPANY Comparative Balance Shect Additional information: 1. Net income for the year ending December 31,2005 , was $20,000. 2. Cash dividends of $12,000 were declared and paid during the year. 3. Long-term investments that had a book value of $18,000 were sold for $16.000. Instruction: Prepare a statement of eash flows for the year ended December 31,2005 , using the indirect method. Section C: CLO1.2 (7 Points) Q. No. 11 The comparative balance shects for Kexler Company appear below: KEXLER COMPANY Comparative Balance Shect Additional information: 1. Net income for the year ending December 31,2005 , was $20,000. 2. Cash dividends of $12,000 were declared and paid during the year. 3. Long-term investments that had a book value of $18,000 were sold for $16.000. Instruction: Prepare a statement of eash flows for the year ended December 31,2005 , using the indirect method