Prepare a statement of cash flows using the indirect method.

1. Depreciation expense was $35,000. 2. Dividends declared and paid were $40,000. 3. During the year, equipment was sold for $17,000 cash. This equipment originally cost $36,000 and had accumulated depreciation of $19,000 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. \begin{tabular}{l} \hline \\ \\ \\ \end{tabular} \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ShamrockCompanyComparativeBalanceSheetsDecember31} \\ \hline \multirow[b]{2}{*}{ Assets } & 2025 & 2024 \\ \hline & & \\ \hline Cash & $70,000 & $40,000 \\ \hline Accounts receivable & 40,000 & 28,000 \\ \hline Inventory & 56,000 & 40,000 \\ \hline Property, plant, and equipment & 120,000 & 156,000 \\ \hline Accumulated depreciation & (64,000) & (48,000) \\ \hline Total & $222,000 & $216,000 \\ \hline \multicolumn{3}{|c|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & $38,000 & $30,000 \\ \hline Income taxes payable & 14,000 & 16,000 \\ \hline Bonds payable & 34,000 & 66,000 \\ \hline Common stock & 36,000 & 28,000 \\ \hline Retained earnings & 100,000 & 76,000 \\ \hline Total & $222,000 & $216,000 \\ \hline \end{tabular} Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.q. -15.000 or in parenthesis e.q. (15.000).) \begin{tabular}{|c|c|c|} \hline ShamrockIncomeStFortheYearEnded & mpanyementember3 & 2025 \\ \hline Sales revenue & & $484,000 \\ \hline Cost of goods sold & & 350,000 \\ \hline Gross profit & & 134,000 \\ \hline Selling expenses & $36,000 & \\ \hline Administrative expenses & 12,000 & 48,000 \\ \hline Income from operations & & 86,000 \\ \hline Interest expense & & 6,000 \\ \hline Income before income taxes & & 80,000 \\ \hline Income tax expense & & 16,000 \\ \hline Net income & & $64,000 \\ \hline \end{tabular}