The comparative balance sheet of Barry Company for Years 1 and 2 e ended December 31 appears below in condensed form Year 2 Year 1 Cash Accounts receivable (net) Inventories Investments Equipment Accumulated depreciation-equipment $72,000 $42,500 70,200 105,000 100,000 425,000 (153,000) (175,000) $616,000 $567,700 61,000 21,000 515,000 Accounts payable $47,250 59,750 Bonds payable Common stock, $20 par Premium on common stock Retained earnings 375,000 50,000 131,250 616,000 75,000 325,000 25,000 95,450 567,700 Additional data for the current year are as follows (a) Net income, $75,800. (b) Depreciation reported on income statement, $38,000 Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $150,000. (d) Bonds payable for $75,000 were retired by payment at their face amount (e) 2,500 shares of common stock were issued at $30 for cash. (t) Cash dividends declared and paid, $40,000. (o) Investments of $100,000 were seld for $125,000. Prepare a statement of cash flows using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments Barry Company