Presented here are the financial statements of Crane Company.

Crane Company Comparative Balance Sheets December $31$

Assets

Cash $ $59,500$ Accounts receivable $34,000$ Inventory $47,600$ Property, plant, and equipment $102,000$ Accumulated depreciation $(54,400)$ Total $$188,700$

Liabilities and Stockholders$$ Equity

Accounts payable

Income taxes payable

Bonds payable

Common stock

Retained earnings

Total $$188,700$

$ $34,00023,80034,000$

$132,600$

$(40,800)$ $$183,600$

$ $25,50013,60056,10023,80064,600$

$$183,600$

$2025$

$2024$

$ $32,30011,90028,90030,60085,000$

Crane Company

Income Statement

For the Year Ended December $31,2025$

Sales revenue

Cost of goods sold

Gross profit

Selling expenses Administrative expenses Income from operations Interest expense

Income before income taxes Income tax expense

Net income

Additional data:

$1.$ Depreciation expense was $$29,750.$

$$411,400297,500113,900$

$$30,600$

$10,20040,800$

$73,1005,10068,00013,600$ $ $54,400$

$2.$ Dividends declared and paid were $$34,000.$

$3.$ During the year, equipment was sold for $$14,450$ cash. This equipment originally cost $$30,600$ and had accumulated depreciation of $$16,150$ at the time of sale.

$4.$ Bonds were redeemed at their carrying value.

$5.$ Common stock was issued at par for cash.

$($a$)$

Prepare a statement of cash flows using the indirect method. $($Show amounts that decrease cash flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$