(L02) (SCF—Indirect Method) The following data are taken from the records of Alee Company.

Additional information:
1. Held-to-maturity securities carried at a cost of $43,000 on December 31, 2016, were sold in 2017 for $34,000. The loss (not unusual) was incorrectly charged directly to Retained Earnings.
2. Plant assets that cost $50,000 and were 80% depreciated were sold during 2017 for $8,000. The loss was incorrectly charged directly to Retained Earnings.
3. Net income as reported on the income statement for the year was $57,000.
4. Dividends paid amounted to $10,000.
5. Depreciation charged for the year was $20,000.
Instructions Prepare a statement of cash flows for the year 2017 using the indirect method.

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Cash Current assets other than cash Long-term debt investments Plant assets December 31, 2017 $ 15,000 85,000 10,000 December 31, 2016 $ 8,000 60,000 53,000 335,000 215,000 $445,000 $336,000