The comparative balance sheet of Hanky Company for Years 2019 and 2020 ended December 31 appears below in condensed form: 12/31/20 12/31/19 Cash $ 72,000 $ 42,500 Accounts receivable (net) 61,000 70,200 Inventories 125,000 105,000 Investments 100,000 Equipment 515,000 425,000 Accumulated depreciationequipment (153,000) (175,000) $620,000 $567,700 Accounts payable $ 63,750 $ 47,250 Bonds payable 75,000 Common stock, $20 par 375,000 325,000 Premium on common stock 50,000 25,000 Retained earnings 131,250 95,450 $620,000 $567,700 Additional data for the current year are as follows: (a) Net income, $75,800. (b) Depreciation reported on income statement, $38,000. (c) 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. (f) Cash dividends declared and paid, $40,000. (g) Investments of $100,000 were sold for $125,000. Prepare a statement of cash flows using the indirect method.