Condensed financial data of Minnie Hooper Company are shown below.Minnie Hooper Company Comparative Balance Sheets December 31Assets 2014 2013Cash $ 93,600 $ 33,400Accounts receivable 63,200 37,000Inventory 124,500 102,650Investments 79,500 107,000Plant assets 318,000 205,000Accumulated depreciation (44,000) (40,000)Total $634,800 $445,050Liabilities and Stockholders’ EquityAccounts payable$ 56,600$ 48,280Accrued expenses payable15,10018,830Bonds payable140,00070,000Common stock250,000200,000Retained earnings173,100107,940Total$634,800$445,050Minnie Hooper Company Income StatementFor the Year Ended December 31, 2014Sales revenue$297,500Less:Cost of goods sold$99,460Operating expenses, excludingdepreciation expense19,670Depreciation expense25,000Loss on disposal of plant assets5,000Income taxes37,270Interest expense2,940189,340Net income$108,160Additional information:1. New plant assets costing $149,000 were purchased for cash during the year.2. Investments were sold at cost.3. Plant assets costing ,000 were sold for $10,000, resulting in a loss of $5,000.4. A cash dividend of $43,000 was declared and paid during the year.InstructionsPrepare a statement of cash flows using the indirect method.