Statement of cash flows (indirect method). Carter, Inc. has prepared the following comparative balance sheets for 2014 and 20 15: 2015 2014 Cash Accounts receivable Inventory Prepaid expenses Plant assets Accumulated depreciation Patent $ 292,000 149,000 150,000 18,000 1,275,000 (450,000) 153,000 117,000 180,000 27,000 1,050,000 (375,000) $1,587000 1,326,000 Accounts payable Accrued liabilities Mortgage payable Preferred stock Additional paid-in capital-preferred Common stock Retained earnings s 168,000 42,000 450,000 60,000 525,000 120,000 600,000 600,000 $1,587.000 $1,326,000 The Accumulated Depreciation account has been credited only for the depreciation expense for the period. The Retained Earnings account has been charged for dividends of $148,000 and credited for the net income for the year. 1. 2. The income statement for 2015 is as follows: Sales revenue Cost of sales Gross profit Operating expenses Net income $1,980,000 1,089,000 891,000 680,000 Instructions From the information above, prepare a statement of cash flows (indirect method) for Carter, Inc. for the year ended December 31, 2015