Presented next are the balance sheet accounts of Bergen Corporation as of December 31, 2008 and 2007.

Additional Information:
• On January 2, 2008, Bergen sold all of its marketable investment securities for \($95,000\) cash.
• On March 10, 2008, Bergen paid a cash dividend of \($30,000\) on its common stock. No other dividends were paid or declared during 2008.
• On April 15, 2008, Bergen issued 2,000 shares of its common stock for land having a fair value of \($100,000\).
• On May 25, 2008, Bergen borrowed \($450,000\) from an insurance company. The underlying promissory note bears interest at 15% and is payable in three equal annual installments of \($150,000\). The first payment is due on May 25, 2009.
• On June 15, 2008, Bergen purchased equipment for \($392,000\) cash.
• On July 1, 2008, Bergen sold equipment costing \($52,000\), with a book value of \($28,000\) for \($33,000\) cash.
• On September 1, 2008, Bergen paid a \($20,000\) additional tax assessment for 2007 due to an error in tax calculation discovered by the Internal Revenue Service. Bergen appropriately recorded this payment as a prior period adjustment.
• On December 31, 2008, Bergen leased equipment from Tilden Company for a 10-year period.
Equal payments under the lease are \($25,000\) due on December 31 each year. The first payment was made on December 31, 2008. The present value at December 31, 2008 of the 10 lease payments is \($158,000\). Bergen appropriately recorded the lease as a capital lease.

The \($25,000\) lease payment due on December 31, 2009 will consist of \($9,000\) principal and \($16,000\) interest.
• Bergen’s net income for 2008 is \($253,000\).
• Bergen owns a 10% interest in the voting common stock of Mason, Inc. Mason reported net income of \($120,000\) for the year ended December 31, 2008 and paid a common stock dividend of \($55,000\) during 2008.
Required:
Prepare a cash flow statement for Bergen using the indirect method for 2008.

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Assets Current Assets: 2008 2007 Increase (Decrease) Cash $ 541,000 $ 308,000 $233,000 Accounts receivable, net 585,000 495,000 90,000 Inventories Land Total current assets Plant and equipment Accumulated depreciation Leased equipment under capital lease Marketable investment securities, at cost Investment in Mason, Inc. at cost Total assets Liabilities and Stockholders' Equity Current liabilities: 895,000 780,000 115,000 2,021,000 1,583,000 438,000 350,000 250,000 100,000 1,060,000 720,000 340,000 (295,000) (170,000) (125,000) 158,000 -0- 158,000 -0- 180,000 75,000 (75,000) $3,474,000 180,000 $2,638,000 -0- $836,000 Current portion of long-term debt $ 159,000 $ -0- $159,000 Accounts payable and accrued expenses 760,000 823,000 (63,000) Total current liabilities 919,000 823,000 96,000 Note payable, long-term Liability under capital lease Bonds payable Unamortized bond premium 300,000 -0- 300,000 124,000 -0- 124,000 500,000 500,000 -0- 16,000 18,000 (2,000) Deferred income taxes 60,000 45,000 15,000 Common stock, par-value $20 640,000 600,000 40,000 Additional paid-in capital 304,000 244,000 60,000 Retained earnings 611,000 408,000 203,000 Total liabilities and stockholders' equity $3,474,000 $2,638,000 $836,000