Use the Global Filter Corp. financial statements and supplementary information given below to prepare a statement of cash flows for the year ended December $31,2019,$ using the indirect

method.

Additional Information:

a$.$ Purchased equipment for $$47,000$ cash.

b$.$ Sold the long$-$term investment on January $1,2019$ for $$36,000.$

c$.$ Sold equipment for $$18,000$ cash that had originally cost $$44,500$ and had $$26,500$ of accumulated depreciation.

d$.$ Issued $$52,000$ of bonds payable at face value.