the direct method P13-9A Condensed financial data of Sinjh SA follow. SINH SA Comparative Statements of Financial Position December 31 (a) Cash from operations 29,300 Prepare a statement of cash firmesinde muthod LO 3) Assets 2017 2016 Equipment Accumulated depreciation equipment Long-term investments Prepaid expenses Inventory Accounts receivable 265,000 (47,000) 140,000 29,300 112,500 92,800 100,350 692,950 242,500 (52,000) 114,000 26,000 102,850 33,000 48,400 514,750 4 Cash Total Equity and Liabilities X. Share capital-ordinary Retained earnings Bonds payable Accounts payable Accrued expenses payable 220,000 234,450 110,000 112,000 16,500 692,950 175.000 105,450 150,000 67,300 17,000 514,750 Total SINJH SA Income Statement For the Year Ended December 31, 2017 392.780 5,000 397.780 135,460 Sales revenue Gain on disposal of plant assets Less: Cost of goods sold Operating expenses, excluding depreciation Depreciation expense Income tax expense Interest expense 12,410 45,000 27.280 4,730 224,880 172.900 Net income Additional information: 1. New equipment costing 80,000 was purchased for cash during the year. 2. Old equipment having ap original cost of 57,500 and accumulated depreciation of 50,000 was sold P12.500 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of 43.900 was declared and paid during the year Cash from operations 184,350 Prepare a statement of cash presented in P13-9A. Further analysis reveals that accounts flow direct method. Instructions (LO 5) Prepare a statement of cash flows using the indirect method