The following are the financial statements of Splish Brothers Inc..

The following are the financial statements of Splish Brothers Inc.. Splish Brothers Inc. Comparative Balance Sheets December 31 2018 Assets Cash Accounts receivable Inventory Equipment 2019 $36,400 $20,600 18,700 20,000 59,800 77,000 Accumulated depreciation-equipment (29,700) (23,500) $129,200 $112,800 33,000 29,700 Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $29,000 $16,200 8,300 27,400 33,000 18,600 14,300 46,700 41,000 $129,200 $112,800 7,500 Total Splish Brothers Inc. Income Statement Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense For the Year Ended December 31, 2019 $242,900 175,200 67,700 24,100 43,600 3,500 Income before income taxes 40,100 7,700 $32,400 Income tax expense Net income Additional data: 1. Dividends declared and paid were $26,700. 2. During the year, equipment was sold for $9,700 cash. This equipment cost $17,200 originally and had a book value of $9,700 at the time of sale 3. All depreciation expense, $13,700, is in the operating expenses 4 All sales and purchases are on account. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).)