A comparative balance sheet for Lomax Company containing data for the last two years is as follows:

Lomax Company

Comparative Balance Sheet

This Year Last Year

Assets

Current assets:

Cash and cash equivalents $ $81,000$ $ $58,000$

Accounts receivable $610,000635,000$

Inventory $620,000430,000$

Prepaid expenses $18,00010,000$

Total current assets $1,329,0001,133,000$

Property, plant, and equipment $2,420,0001,840,000$

Less accumulated depreciation $627,000569,000$

Net property, plant, and equipment $1,793,0001,271,000$

Long$-$term investments $101,000160,000$

Loans to subsidiaries $130,00075,000$

Total assets $ $3,353,000$ $ $2,639,000$

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable $ $886,000$ $ $580,000$

Accrued liabilities $31,00051,000$

Income taxes payable $146,000126,000$

Total current liabilities $1,063,000757,000$

Bonds payable $670,000430,000$

Total liabilities $1,733,0001,187,000$

Stockholders$$ equity:

Common stock $1,110,0001,010,000$

Retained earnings $510,000442,000$

Total stockholders$$ equity $1,620,0001,452,000$

Total liabilities and stockholders' equity $ $3,353,000$ $ $2,639,000$

The following additional information is available about the company$$s activities during this year:

Paid a cash dividend of $\_\_\_$blank?question mark$\_\_\_$blank.

Retired bonds with a principal balance of $$390,000.$

Equipment costing $$150,000$ with accumulated depreciation of $$52,000$ was sold for $$75,000.$

Sold long$-$term investments for $$130,000.$ These investments had cost $$59,000$ when purchased several years ago.

The subsidiaries did not repay any outstanding loans.

Lomax did not repurchase any of its own stock.

The company reported net income this year as follows:

Sales $ $3,200,000$

Cost of goods sold $1,984,000$

Gross margin $1,216,000$

Selling and administrative expenses $983,000$

Net operating income $233,000$

Nonoperating items:

Gain on sale of investments $ $71,000$

Loss on sale of equipment $(23,000)48,000$

Income before taxes $281,000$

Income taxes $90,000$

Net income $ $191,000$

Required:

$1.$ Using the indirect method, prepare a statement of cash flows for this year.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.A comparative balance sheet for Lomax Company containing data for the last two years is as follows:

$\backslash$table$[[\backslash$table$[[$Lomax Company$],[$Comparative Balance Sheet$]],$This Year,Last Year$],[$Assets$],[$Current assets:$],[$Cash and cash equivalents,$$81,000,$$$58,000$