using the select information below for 7aresh company, use the indirect method to prepare a complete 2019 statement of cash flows (including all three sections).

• 7aresh sold equipment for $8,000 cash during the year. The equipment was originally purchased for $27,000 and had accumulated depreciation of $20,000.
• 7aresh sold investments during the year for $3,000 cash. The investments were originally purchased for $5,000.
• 7aresh paid a cash dividend during the year totaling $1,000

2019 2018

Sales	$ 500,000	$ 480,000
Cost of goods sold	$ (400,000)	$ (380,000)
Depreciation expense	$ (40,000)	$ (35,000)
Utility expense	$ (45,000)	$ (44,000)
Wage expense	$ (12,000)	$ (11,000)
Gain on sale of equipment	$ 1,000	$ 500
Loss on sale of investment	$ (2,000)	$ -
Income tax expense (paid in cash)	$ (1,000)	$ (1,000)
Net income	$ 1,000	$ 9,500
Cash	$ 60,500	$ 12,000
Accounts receivable	$ 22,000	$ 20,000
Inventory	$ 55,000	$ 54,000
Equipment	$ 173,000	$ 200,000
Accumulated depreciation	$ (120,000)	$ (100,000)
Long-term investments	$ 5,000	$ 10,000
Accounts payable	$ 21,000	$ 22,000
Wages payable	$ 500	$ 1,000
Utility payable	$ 2,000	$ 1,000

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