Shown below are the statements of comprehensive income, the comparative statements of financial positions, and additional information useful in preparing the 205 SCF for Sells Company.

Statment of Comprehensive Income for the year ended 31 December 20X5

net sales $300,000

Cost of goods 80,000

Gross margin 220,000

Dep expense 45,000

Amort of intangibles 2,000

Other expenses 44,000

Interest expense 3,000

Income tax expense 65,000

Net earnings and comprehensive income $61,000

Statment of financial postion As of 31 December 20X5 20X4

Cash $32,000 16,000

AR 47,000 50,000

Other receivbles 2,000 3,000

Inventory 32,000 30,000

Equipment 77,000 80,000

Accum Dep (5,000) (6,000)

Intangibles net 53,000 55,000

Total Assets $238,000 $228,000

AP 60,000 50,000

Income tax payable 50,000 70,000

Interest payable 1,000 2,000

Bonds payable 0 32,000

Discount on bonds payable 0 (2,000)

Common shares 80,000 70,000

retained earnings 47,000 6,000

Total liabilities and owners equity 238,000 228,000

Additional information: Equipment costing $66,000 with a book value of $20,000 was sold at book value. New equipment was also purchased; common shares were issued in partial payment. The bonds were repaid at maturity; $2,000 of bond discount was amortized in 205 prior to the maturity date.

Required: Prepare the SCF, in good form, using the indirect method. No disclosure notes required.