Use the following Comparative Statements of Financial Position, Income Statement, and additional information to prepare a statement of cash flows using the indirect method. Additional information (all amounts in thousands of NT\$): 1. Operating expenses include depreciation expense of NT $33,000. 2. Equipment with a cost of NT $41,000 and a book value of NT $36,000 was sold for NT $34,000 cash. 3. Land was sold at its book value for cash. 4. Interest expense of NT $12,000 was paid in cash. 5. Equipment with a cost of NTS166,000 was purchased for cash. 6. Bonds of NT $10,000 were redeemed at their face value for cash. 7. Ordinary shares (NT\$1 par) of NT\$130,000 were issued for cash. 8. Cash dividends of NT \$55,000 were declared and paid in 2020. 9. Ordinary shares of NT $30,000 were issued in exchange for land. Dragon Ltd. Comparative Statements of Financial Position December 31 (NT\$ in thousands) Change in Account Balance Assets Land NTS 75,000 NTS 70,0005,000 increase Buildings 200,000(21,000)193,000200,000(11,000)68,000010,000Increase125,000Increase Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Prepaid expenses (28,000)(10,000)18,000 Increase Inventory Accounts receivable Cash 54,00037,00017,000 Increase Totals NIS 599,000 NIS 386,000 Dragon Ltd. Comparative Statements of Financial Position December 31 (NT \$ in thousands) Change in Account Balance Equity and Liabilities Share capital-ordinary (NT\$1 par) 2020NT$220,0002019NT$60,000NT$160,000IncreaseIncrease/Decrease Retained earnings 206,000136,00070,000 Increase Bonds payable 140,000150,00010,000 Decrease Accounts payable 23,00040,00017,000 Decrease Accrued expenses payable 10,0000 - 10,000 Increase Totals NTS599,000 NTS386,000 Dragon Ltd. Income Statement For the Year Ended December 31, 2020 (NT\$ in thousands) NTS 890,000 Sales revenue Cost of goods sold NT$465,000221,00012,0002,000190,000700,000 Income before income taxes Income tax expense Net income NT $125,000