Statement of Income for the year ended December 31, 2018 Revenues and gains: Sales 1,520,000 Interest and dividends 61,000 Gain on sale of investments 14,000 $ 1,595,000 Expenses and losses: $ Cost of goods sold Selling expenses 700,000 80,400 Amortization expense 39,200 Interest expense 16,600 Loss on sale of equipment 4,200 Income tax expense 226, 400 1,066,800 Net income 528,200 Statement of Financial Position as at December 31, 2018 2018 2017 Assets $ Cash S 98,200 134,400 36,200 24,000 Temporary investments 32,000 8,000 (62,000) 418,000 Accounts receivable 480,000 Inventory 340,100 10,100 330,000 Prepaid expenses 24,100 20,000 4,100 Long-term investments Property, plant and equipment (net) (17,800) 17,800 1,628,400 1,390,000 238,400 2,577,000 $ 2,344,000 Liabilities and Shareholders' Equity: Accounts payable Incometaxes payable Dividends payable Bonds payable S 179,800 $ (28,800) 208,600 123,000 80,000 43,000 32,000 32,000 372,000 372,000 Deferred incometax liability 14,200 28,400 14,200 Preferred shares 100,000 180,000 80,000 Common shares 790,000 700,000 90,000 Retained earnings (369, 400) 871,800 1,241,200 2,577,000 $ 2,344,000 Other information: Capital assets that had cost $90,400 were sold for proceeds of $34,200. A stock dividend valued at $50,000 was declared and distributed in June 2018 Equipment valued at $80,000 was acquired for preferred shares during the year. Bonds with a face value of $400,000 were issued for $368,000 cash in January 2018. No bonds were redeemed during the year. The temporary investments were considered to be cash equivalents. required: Prepare a cash flow statement for this Company for 2018 using the indirect method. Show interest and income taxes paid on the face of the statement