The comparative balance sheet of Nance Company, for the current , ear and the preceding year ended December 31, 20--, appears below in condensed form: Additional data for the current year are as follows: (a) Net income, $71,800. (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. 2,500 shares of common stock were issued at $30 for cash. Cash dividends declared and paid, $40,000. (g) Investments of $100,000 were sold for $125,000, and a pin of $25,000 was included on the income statement. Prepare a statement of cash flows using the indirect method