The following schedule of information relates to Baker Products for the year, 2018: Income statement data: Sales $2,320,000 Depreciation expense 84,000 Net income 308,000 Cash receipts: From issuance of common stock $176,000 112,000 From sale (at book value) of stock investment Cash payments: For purchase of land To stockholders as dividends $496,000 88,000 56,000 To payoff notes payable Change in working capital accounts: Cash increase Cash incre $20,000 24,000 Accounts receivable increase 12,000 Inventory decrease Accounts payable decrease Accrued liabilities increase 16,000 8,000 CdSi payu $496,000 For purchase of land 88,000 To stockholders as dividends 56,000 To payoff notes payable Change in working capital accounts: Cash increase $20,000 Accounts receivable increase 24,000 Inventory decrease 12,000 Accounts payable decrease 16,000 Accrued liabilities increase 8,000 The cash balance was $48,000 at the beginning of 2018. In good form, prepare a 2018 statement of cash flows for Baker Products using the indirect method