Additional Information for $2024$:

Net income is $$63,000.$

The company purchases $$104,000$ in equipment. No equipment was sold.

Depreciation expense is $$156,000.$

The company repays $$115,000$ in notes payable.

$5.$ The company declares and pays a cash dividend of $$22,000.$

Required:

Prepare the statement of cash flows using the indirect method. $($Amounts to be deducted, cash outflows, an

should be indicated with a minus sign.$)$