On the basis of the following data for Breach Co. for the current and preceding years ended December 31, prepare a statement of cash flows using the indirect method. Assume that equipment costing $25,000 was purchased for cash and no long-term assets were sold during the period.Stock was issued for cash-3,200 shares at par.Net income for the current year was $76,000.Cash dividends declared and paid were $13,000. 
Definitions:
Perfect Reliability
Perfect reliability refers to a hypothetical situation where a measurement is completely free from error, achieving a reliability coefficient of 1.
Coefficient
A numerical or constant quantity placed before and multiplying the variable in an algebraic expression, or a measure used to describe a statistical relationship.
Occurrence
An instance or event that takes place or happens, often used to refer to the frequency of events in a given context.
Predictive Validity
The extent to which a score or measure can predict future performance or behavior.
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