Use the Bentley Inc. financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December 31, 2014, using the indirect method. Additional Information: a. Purchased machinery for $33,000 cash. b. Sold the long-term investment on January 1, 2014 for $50,000. c. Sold machinery for $10,500 cash that had originally cost $48,500 and had $38,000 of accumulated depreciation. d. Issued $55,000 of bonds payable at face value. e. The short-term investment is a treasury bill that was purchased with maturity in 90 days. (select one) Statement of Cash Flows (select one) Cash flows from operating activities Adjust. to reconcile net income to cash provided by oper. act.: Bentley Inc. Comparative Balance Sheet Information December 31 Assets 2014 2013 Cash 363,100 220,000 Short-term investments 108,000 94,000 Accounts receivable 27,700 57,000 Merchandise inventory 36,800 81,000 Long term investment. 0 29,000 Machinery 204,500 220,000 Accumulated depreciation (96,000) (105,000) Total assets 644,100 596,000 Cash flows from investing activities Cash flows from financing activities Liabilities and Equity Accounts payable. Dividends payable Bonds payable Share capital Retained earnings Total liabilities and equity 92,100 20,000 55,000 357,000 120,000 644,100 Net increase (decrease) in cash Cash at beginning of year Cash at end of year 63,000 25,000 0 357,000 151,000 596,000 Bentley Inc. Income Statement For Year Ended December 31, 2014 Sales 590,000 Cost Of Goods Sold 570,000 Depreciation expense 29,000 Other expenses 43,000 (642,000) Gain on sale of long-term investment 21,000 Net loss 31,000