Lucas Corporation reported the following income statement and balance sheet, along with transaction data for 2015:

Required: Construct a statement of cash flow under the indirect method for the year ending December 31, 2015

Lucas Corporation reported the following income statement and comparative balance sheet, along with transaction data for 2015: Lucas Corporation Balance Sheet December 31, 20X1 and 2014 Assets 2015 2014 Liabilities 2015 2014 Current: Cash and equivalents.... Accounts receivable...... Inventories.... Current: $ 3,000 $19,000 22,000 Accounts payable Accrued liabilities..... Income tax payable.... $ 35,000 $ 26,000 23,000 31,000 7,000 9,000 10,000 34,000 1.000 10,000 52,000 44,000 40,000 Prepaid expenses... 3,000 Total current liabilities 45,000 60,000 Long-term note payable... 10,000 Bonds payable.... 52,000 Owners' Equity Total current assets...... 76,000 Long-term investments.. Equipment, net.. Patent, net.. 18,000 53,000 67,000 44,000 10,000 Common stock... 52,000 20,000 Retained earnings. Less: Treasury stock..... $132,000 Total liabilities and equity 27,000 19,000 (5,000) $132,000 (10,000) $205,000 Total assets. $205,000 R/F Lucas Corporation 1400 Income Statement Year Ended December 31, 2015 220x0 Sales revenue. $662,000 Cost of Goods sold.. 560,000 Gross profit.. Operating expenses Salary expenses... Depreciation expense- equipment.. Amortization expense- 102,000 $46,000 7,000 3,000 patent.. Rent expense. 2,000 Total operating expenses.... Income from operations.... 58,000 44,000 Other items: Loss on sale of equipment.. Income before income tax.... (2.000) 42,000 16.000 $ 26,000 Income tax expense. Net income. Transaction Data for 2015 Issuance of long-term note payable To purchase patent.... Issuance of long-term note payable to $ 98,000 Purchase of equipment. Payment of Cash dividends. Issuance of common stock to Retire bonds payable... Purchase of long-term investment. Purchase of treasury stock... $ 37,000 7,000 borrow cash... 13,000 Issuance of common stock for cash..... Sale of equipment (book value, 76,000). ? 74,000 ? Required: Construct a statement of cash flow under the indirect method for the year ending December 31, 2015