Preparing Statement of Cash Flows  Boscia Corporation’s balance sheet appears be

Preparing Statement of Cash Flows 
Boscia Corporation’s balance sheet appears below: 
Comparative Balance Sheet 
Ending Balance           Beginning Balance 
Assets: 
Cash and cash equivalents……………………. $ 44                             $ 38 
Accounts receivable …………………………….     82                               69 
Inventory ……………………………………………     71                               69 
Plant and equipment …………………………….    537                            500 
Accumulated depreciation…………………….    ( 240)                         ( 201) 
Total assets…………………………………………    $494                         $475 
Liabilities and stockholders’ equity: 
Accounts payable ………………………………..   $ 70                           $ 60 
Wages payable…………………………………….      24                              21 
Taxes payable ……………………………………..     19                              22 
Bonds payable …………………………………….     226                            300 
Deferred taxes……………………………………..      19                              18 
Common stock…………………………………….       22                              20 
Retained earnings………………………………..      114                             34 
Total liabilities and stockholders’ equity ..       $494                         $475 
The net income for the year was $108. Cash dividends were $28. 
Required: Prepare a statement of cash flows in good form using the indirect method.