Condensed financial data of Skysong, lnc$.$ follow.

Additional information:

New plant assets costing $$79,700$ were purchased for cash during the year.

Old plant assets having an original cost of $$45,700$ and accumulated depreciation of $$35,200$ were sold for $$3,000$ cash.

Bonds payable matured and were paid off at face value for cash.

A cash dividend of $$29,500$ was declared and paid during the year

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash$)$ flow with either $a-$ sign $8\mathrm{.}8,-15,000$ or in parenthesis eg $(15,000).)$

Sikysong. Inc.

Statement of Cash Flows

V