Newark Incorporated, which follows ASPE, has a March 31 year-end. The 2021 fiscal year was particularly lucrative for Newark; they realized sales of $660,000 with cost of goods sold of only $363,000 and operating expenses of $230,000. Other financial information is as follows:

2021 and 2020

Cash ................................................................ $ 99,000 $ 51,000

AR................................................................... 53,000 39,000

Inventory ......................................................... 50,000 60,000

Prepaids ........................................................... 6,000 9,000

Machinery......................................................... 420,000 350,000

Accumulated depreciation....................................(150,000) (125,000)

Patent.............................................................. 51,000 58,000

$ 529,000 $ 442,000

AP ................................................................... $ 51,000 $ 56,000

Accrued liabilities ............................................... 20,000 14,000

Notes payable ................................................... 150,000

Preferred shares ................................................ 215,000

Common shares................................................. 200,000 200,000

Retained earnings .............................................. 43,000 22,000

$ 529,000 $ 442,000

Operating expenses include a charge for impairment on the patent as well as depreciation expense. No machinery was disposed of during the year; however, a new machine was purchased in 2021. The only change to the accumulated depreciation amount in 2021 was the credit for depreciation. Retained earnings account was credited for the years net income. Also included in retained earnings was a debit for cash dividends paid for $46,000.

Required Use the indirect method to prepare Newark Incorporateds statement of cashflows as at March 31, 2021.