The following statement 2 minutes) .... the records of Blalock Company: Haditional transactions: a. Sold equipment costing R120 000 with accumulated depreciation of R90 000 for R20 000. b. Retired bonds at a price of R600000 on 31 December. c. Earned net income for the year of R680 000; paid cash dividends of R200 000 . Required: 3.1 Prepare a statement of cash flows using the indirect method