The following information is taken from Gower Corporation's financial statements: December 31 2018 2017 Cash $ 205,000 $ 50,000 Accounts receivable 105,000 80,000 Allowance for doubtful accounts (8,000) (5,000) Inventory 155,000 165,000 Land 60,000 100,000 Buildings 290,000 200,000 Accumulated depreciation (80,000) (55,000) Patents (net of amortization) 15,000 35,000 $570,000 $742,000 $ 95,000 Accounts payable $ 80,000 Accrued liabilities 52,000 60,000 Bonds payable 125,000 60,000 Common stock 100,000 100,000 Retained earnings 400,000 280,000 Treasury stock, at cost (30,000) (10,000) Accounts payable $ 95,000 $ 80,000 Accrued liabilities 52,000 60,000 Bonds payable 125,000 60,000 Common stock 100,000 100,000 Retained earnings 280,000 Treasury stock, at cost 400,000 _(30,000) $742,000 (10,000) $570,000 2018 Net income $150,000 Depreciation expense 25,000 7,000 Amortization of patents Cash dividends declared and paid 30,000 2,000 Gain on sale of patents Instructions: Prepare a complete statement of cash flows for Gower Corporation for 2018 using the indirect method for the operating activities