The following information is taken from French Corporation's financial statements: December 31 2018 2017 Cash $ 86,870 $ 32,130 Accounts receivable 121,380 95,200 Allowance for doubtful accounts (5,355) (3,689) Inventory 184,450 208,250 Prepaid expenses 8,925 8,092 Land 119,000 71,400 Buildings 343,910 290,360 Accumulated depreciation (38,080) (15,470) Patents 23,800 41,650 $844,900 $727,923 Accounts payable $ 107,100 $ 99,960 Accrued liabilities 64,260 74,970 Bonds payable 148,750 71,400 Common stock 119,000 119,000 Retained earningsappropriated 95,200 11,900 Retained earningsunappropriated 328,440 360,213 Treasury stock, at cost (17,850) (9,520) $844,900 $727,923 For 2018 Year Net income $87,227 Depreciation expense 22,610 Amortization of patents 5,950 Cash dividends declared and paid 35,700 Gain or loss on sale of patents none Prepare a statement of cash flows for French Corporation for the year 2018. (Use the indirect method.)