Statement of cash flows- needs to be prepared for this company

Ashley Company Income Statement For the Year Ended December 31, 2016 Net Sales Cost of Goods Sold Gross Margin Operating Expenses (including Depreciation Expense of $12,000) Operating Income Other Income (Expenses) Interest Expense Interest Income Dividend Income Gain on Disposal of Equipment Loss on Sale of Investment Income Before Income Taxes Income Taxes Net Income $ 450,000 228,000 $ 222,000 90,000 $ 132,000 $ (54,000) 6,000 6,000 12,000 (15,000) Ashley Company Comparative Balance Sheets December 31, 2016 and 2015 Assets 2016 Cash $ 14,000 Accounts Receivable (net) 33,000 Inventory 24,000 Prepaid Expenses 5,000 Investments 105,000 Land 180,000 Building (net) 174,000 Equipment (net) 150,000 Total Assets $ 685,000 (45,000) $ 87,000 30,000 $ 57,000 2015 3,000 24,000 12,000 7,000 120,000 180,000 180,000 60,000 $ 586,000 Change $ 11,000 9,000 12,000 (2,000) (15,000) (6,000) 90,000 99,000 $ 16,000 9,000 11,000 270,000 $ 306,000 $ 19,000 6,000 9,000 210,000 $ 244,000 (3,000) 3,000 2,000 60,000 62,000 $ 240,000 6,000 133,000 $ 379,000 $ 685,000 $ 240,000 6,000 96,000 $ 342,000 $ 586,000 $ Liabilities Accounts Payable Accrued Liabilities Income Taxes Payable Bonds Payable Total Liabilities Stockholders' Equity Common Stock Paid-in Capital in Excess of Par Value Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 37,000 37,000 $ 99,000 Additional Information: Sold investments (with a book value of $30,000) for $15,000 Purchased investment for $15,000 Sold equipment with a book value of $30,000 for $42,000 Purchased equipment for $126,000 Depreciation on equipment for 2015 was $6,000 Depreciation on building for 2015 was $6,000 Issued bonds at par for $60,000 Declared and paid dividends of $20,000 Assignment: Preapare a December 31, 2016 Statement of Cash Flows, in good form, using the Indirect Method