The financial statements of Frank B. Robinson Company appear below: Frank B. Robinson Company Comparative Balance Sheets December 31 Assets 2019 Cash $ 29,000 Accounts Receivable 28,000 Merchandise Inventory 25,000 Property, Plant, and Equip 60,000 Accumulated Depreciation (20,000) 2018 $ 13,000 14,000 35,000 78,000 (24,000) $ 122,000 $ 116,000 Liabilities & Stockholders' Equity Accounts Payable Income taxes payable Bonds payable Common Stock Retained Earnings $ 27,000 5,000 27,000 18,000 45,000 $ 23,000 8,000 33,000 14,000 38,000 $ 122,000 $ 116,000 Frank B. Robinson Company Income Statement For the year ended December 31, 2019 Sales $ 220,000 Cost of goods sold 180,000 40,000 $ 14,000 10,000 24,000 Gross profit Selling expense Administration expense Income from operations Interest expense Income before income taxes Income taxes 16,000 2,000 14,000 4,000 Net Income $ 10,000 Additional Information: 1. During the year equipment was sold for $8,500 cash. This equipment cost $18,000 originally and had a book value of $8,500 at the time of sale. 2. All depreciation expense is in the selling category 3. All sales and purchases are on account. Required: Prepare a statement of cash flow using the indirect method