ABC Corporation's balance sheet and income statement appear below:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 31	$ 29
Accounts receivable	61	73
Inventory	59	61
Property, plant, and equipment	684	550
Less accumulated depreciation	349	319

$	486	$	394
$	53	$	54
	20		21
	52		48
	203		190
	61		60
	97		21
$	486	$	394

Total assets

Liabilities and stockholders' equity:

Accounts payable

Accrued liabilities

Income taxes payable

Bonds payable

Common stock

Retained earnings

Total liabilities and stockholders' equity

Income Statement

Sales $807

Cost of goods sold 492

Gross margin 315

Selling and administrative expense 182

Net operating income 133

Gain on sale of equipment 16

Income before taxes 149

Income taxes 45

Net income $104

The company sold equipment for $18 that was originally purchased for $14 and that had accumulated depreciation of $12. It paid a cash dividend of $28 during the year and did not retire any bonds payable or repurchase any of its own common stock.

Required:

Prepare a statement of cash flows for the year using the indirect method. Use a proper heading for the statement.