PR 16-1B Statement of cash flows and indirect method The comparative balance she

PR 16-1B Statement of cash flows and indirect method The comparative balance sheet of Juras Equipment Co. for December 31 2013 and 2012 is as follows:The following additional information was taken from the records of Juras Equipment:1. Equipment and land were acquired for cash.2. There were no disposals of equipment during the year.3. The investments were sold for $129600 cash.4. The common stock was issued for cash.5. There was a $228960 credit to Retained Earnings for net income.6. There was a $144000 debit to Retained Earnings for cash dividends declared.InstructionsPrepare a statement of cash flows using the indirect method of presenting cash flows from operating activities.