The income statement and comparative balance sheet of Edison Corporation is given below: EDISON CORPORATION Income Statement For the Year Ended December 31, 2017 Sales $ 3,450 Cost of goods sold 2,350 Gross profit 1,100 Selling and administrative expenses 465 635 Other revenues and gains Gain on sale of investments 40 Income before tax Income tax expense Net income $ 675 270 405 During the year 2017, a dividend of $130 was declared and paid by management of Edison Corporation. Some plant assets were purchased during 2017 and the payment was settled by issuing common stock amounting to $35. EDISON CORPORATION Comparative Balance Sheet As on December 31, 2017 and 2016 Assets: Cash and cash equivalents Accounts receivable Inventory Plant assets 2017 2016 $ 900 $ 575 875 650 800 950 950 850 (600) (585) 650 710 Accumulated depreciation Long-term investments Total Liabilities and capital: Accounts payable Accrued liabilities Bonds payable Capital stock Retained earnings Total $ 3,575 $ 3.150 600 450 100 125 700 775 950 850 1,225 950 $ 3,575 $3,150 Required: Using the data given above, prepare statement of cash flows of Edison Corporation using indirect method