The records of the LEI Corporation provided the full LEI Corporation Balance sheet January1,2018 December 31,2018 Cash 15,000 31.000 28,000 Accounts Receivable Allowance for doubtful Account Inventory 30,000 (1,500) (2,000) 15,000 10,000 Long term Investment 2,400 1,400 80,000 Operational Assets Accumulated Depreciation 81,000 (16,000) (20,000) Land 40,100 81,100 10,000 11,000 2,000 1,000 1,000 Accounts Payables Wages Payables Interest Payables Notes Payables, long-term Common Stock Additional paid in capital Retained Earnings 20,000 46,000 80,000 110,000 26,000 20,000 24,000 25,000 Additional Information Recorded the results of its 25% equity-based investment in Sara Company's net loss of 4,000 Sold an operational asset for 4,000 in cash the asset had an original cost basing 15,000 and a carrying value at disposition of $6,000 Wrote off $3,000 of accounts receivables as uncollectible Acquired land value at $ 21,000 and issued commons stock in exchange for a note payable bearing interest at 5% Paid incomes taxes of $2,000 Settled a $ 10,000 long term note payable by issuing common stock to the creditor Declared a dividend of $ 5,000 Instructions: Prepare a statement of cash flows using Indirect Method