Take Home Problem #1-Acetg 202 PART A Bike Corp balance sheet is below with the management narrative: Comparative Balance Sheet - Bike Assets Cash Accounts Receivable Inventory PP&E Accum Depr Total Assets 12/31/2015 12/31/2016 $ 42 5 67 $ 35 $ 40 $ 53 $ 33 $ 500 S 540 . $ (330) S (360) $ 300 $ 320 20 Net Income for the period was $33. The company sold equipment for $29 that was originally purchased for $51. The sold asset had accumulated depreciation of $27. The company paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock. Liabilities & Equity Accounts Payable $ 20 $ 36 Accrued Liabilities $ 15 $ 25 Income Tax Payable $ 36 $ 40 Bonds Payable $ 160 $ 115 Common Stock $ 45 $ 55 Retained Earnings 24 $ 49 Total Liabilities & Equity 300 $ 320 Required: Construct, in good form, the company's Statement of Cash Flows for the period, using the indirect method. (15pts) Indirect Method Statement of cash flow Cash flow from operating activities Net Income 33 PART B ON REVERSE