A comparative balance sheet for Dottie Inc. appears below:

DOTTIE INC.

Comparative Balance Sheet

Dec. $31,2014$

Dec. $31,2013$

Assets

Cash

$ $34,000$

$$11,000$

Accounts receivable

$18,000$

$13,000$

Inventory

$25,000$

$17,000$

Prepaid expenses

$6,000$

$9,000$

Long$-$term investments

$-0-$

$17,000$

Equipment

$60,000$

$33,000$

Accumulated depreciation$$equipment

$(20,000)$

$(15,000)$

Total assets

$$123,000$

$$85,000$

Liabilities and Stockholders' Equity

Accounts payable

$ $17,000$

$ $7,000$

Bonds payable

$36,000$

$45,000$

Common stock

$40,000$

$23,000$

Retained earnings

$30,000$

$10,000$

Total liabilities and stockholders' equity

$$123,000$

$$85,000$

Additional information:

$1.$

Net income for the year ending December $31,2014$ was $$35,000.$

$2.$

Cash dividends of $$15,000$ were declared and paid during the year.

$3.$

Long$-$term investments that had a cost of $$17,000$ were sold for $$14,000.$

$4.$

Sales for $2014$ were $$120,000.$

Instructions

Prepare a statement of cash flows for the year ended December $31,2014,$ using the indirect method.