Brecker Inc., a greeting card company, had the following statements prepared as of December 31, 2017.BRECKER INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 12/31/17 12/31/16Cash $6,000 $7,000Accounts receivable 62,000 51,000Short-term debt investments (available-for-sale) 35,000 18,000Inventory 40,000 60,000Prepaid rent 5,000 4,000Equipment 154,000 130,000Accumulated depreciation-equipment (35,000) (25,000 )Copyrights 46,000 50,000Total assets $313,000 $295,000Accounts payable $46,000 $40,000Income taxes payable 4,000 6,000Salaries and wages payable 8,000 4,000Short-term loans payable 8,000 10,000Long-term loans payable 60,000 69,000Common stock, $10 par 100,000 100,000Contributed capital, common stock 30,000 30,000Retained earnings 57,000 36,000Total liabilities & stockholders? equity $313,000 $295,000BRECKER INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017 Sales revenue $338,150Cost of goods sold 175,000Gross profit 163,150Operating expenses 120,000Operating income 43,150Interest expense $11,400 Gain on sale of equipment 2,000 9,400Income before tax 33,750Income tax expense 6,750Net income $27,000Additional information:1. Dividends in the amount of $6,000 were declared and paid during 2017.2. Depreciation expense and amortization expense are included in operating expenses.3. No unrealized gains or losses have occurred on the investments during the year.4. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 2017.Prepare a statement of cash flows using the indirect method.