Question # 04 Cristiano Company's net income last year was $91,000. Changes in the company's balance sheet accounts for the year appear below:

Cash (13,000)

Accounts receivable 16,000

Inventory 21,000

Prepaid expenses (8,000)

Long-term investments 30,000

Property, plant and equipment 60,000

Accumulated depreciation 36,000

Accounts payable (21,000)

Accrued expenses 14,000

Income taxes payable 42,000

Bonds payable (50,000)

Common stock 20,000

Retained earnings 65,000

The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend. The beginning and ending cash balances were $20,000 and $7,000, respectively.

Required: Prepare a statement of cash flows using the indirect method.