The following are data taken from the records of Durand SpA.

Additional information:

1. Held-for-collection investments carried at a cost of €43,000 on December 31, 2018, were sold in 2019 for €34,000. The loss was incorrectly charged directly to Retained Earnings.

2. Plant assets that cost €60,000 and were 80% depreciated were sold during 2019 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 €59,000.

4. Dividends paid amounted to €10,000.

5. Depreciation recorded for the year was €28,000.

Instructions

Prepare a statement of cash flows for the year 2019 using the indirect method?