Statement of Cash Flows- Indirect Method Following is information for Goulding Manufacturing Company a. Long-term debt of $500,000 was retired at face value b. New machinery was purchased for $62,000. c. Common stock with a par value of $100,000 was issued for $160,000. d. Dividends of $22,000 dedared in 2012 were paild in January 2013, and dvidends of $30,000 ware dedared in December 2013, to be paid ih 2014. e. Net income was $450,700. Included in the computation were depredation expense of $70,000 and intangible assets amortization of $10,000. Dec. 31, 2013 Dec. 31, 2012 Curent assets Cash and cash equihslents Accounts receivable. nventory 191,700 175,000 178,000 $130.000 156,000 160,000 Current labilities: Accounts pajable Dvidends payable nterest payabie Wages peyatle 4,000 30,000 2.900 26,500 87,400 22.000 .000 17,000 Prepare a statement of cash flows for the year ended December 31, 2013, uning the indrect method. When required, use the minus sign to indicate cauh outflows, any cash payments or a decrease in cash