Question 3. C 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.