Matrix 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
Total assets	$	486		$	394
Liabilities and stockholders' equity:
Accounts payable	$	53		$	54
Accrued liabilities		20			21
Income taxes payable		52			48
Bonds payable		203			190
Common stock		61			60
Retained earnings		97			21
Total liabilities and stockholders' equity	$	486		$	394

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.