Presented below are the financial statements of Rajesh Company. Rajesh Company Comparative Balance Sheets December 31 Assets 2014 2013Cash $37,000 $20,000 Accounts receivable 33,000 14,000 Inventory 30,000 20,000 Equipment 60,000 78,000 A

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Presented below are the financial statements of Rajesh Company.

Rajesh Company Comparative Balance Sheets December 31
Assets	2014		2013
Cash	$37,000		$20,000
Accounts receivable	33,000		14,000
Inventory	30,000		20,000
Equipment	60,000		78,000
Accumulated depreciation—equipment	(29,000	)	(24,000	)
Total	$131,000		$108,000

Liabilities and Stockholders’ Equity
Accounts payable	$29,000		$ 15,000
Income taxes payable	7,000		8,000
Bonds payable	27,000		33,000
Common stock	18,000		14,000
Retained earnings	50,000		38,000
Total	$131,000		$108,000

Rajesh Company Income Statement For the Year Ended December 31, 2014
Sales revenue		$242,000
Cost of goods sold		175,000
Gross profit		67,000
Operating expenses		24,000
Income from operations		43,000
Interest expense		3,000
Income before income taxes		40,000
Income tax expense		8,000
Net income		$32,000

Additional data:

1.		Depreciation expense is 13,300.
2.		Dividends declared and paid were $20,000.
3.		During the year equipment was sold for $9,700 cash. This equipment cost $18,000 originally and had accumulated depreciation of $8,300 at the time of sale.

(a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)