Sophos, Inc. prepared a B/S at Dec. 31, 2004. The following occurred during 2005. $25,000 in cash and a $35,000 note payable were exchanged for land valued at $60,000. Bonds payable (maturing 2009) in the amount of $20,000 were retired by paying $18,000 cash. Common shares in the amount of $50,000 were issued. The company sold surplus equipment, with a book-value of $ 14,000 for $ 18,000. Net income was $31,000 Cash dividends of $2,500 were paid. 100 C/S (considered short-term investments) were purchased for $8,300. A new building was acquired through the issuance of $50,000 in bonds. $8,000 of depreciation was recorded on the plant and equipment. At Dec. 31, 2005. Cash was S87.200. A/R had a balance of $30,000, Inv had increased to $82,000 and A/P had fallen to $12,000. LT investments and Taxes payable were unchanged from 2004. Required: Prepare a statement of cash flows for 2005 using the indirect method. (10 marks) Prepare a B/S for Sophos, Inc at Dec 31, 2005