Additional Information

$1.$ Sold the long$-$term investment at cost$,$ for cash.

$2.$ Declared and paid a cash dividend of $$16,800.$

$3.$ Purchased plant assets that cost $$40,800$; gave a $$28,800$ long$-$term note payable and paid $$12,000$ cash.

$4.$ Paid a $$9,600$ long$-$term note payable by issuing common stock; fair value, $$9,600.$

$5.$ Issued a stock dividend, $$26,400.$

Prepare the statement of cash flows for the current year ended December $31,$ assuming the indirect method is used in presenting cash flows from operating activities.

$$ Note: Indicate a subtraction in the cash flow statement with a negative sign with the amount. Sketchers Corporation's recent comparative balance sheet and income statement follow.