The comparative balance sheets for Vaden Corporation show the following information:

$20232022$

Cash $$35,900$ $$10,200$

Accounts receivable, net $43,30020,300$

Inventory $40,00042,000$

Investments $015,000$

Building $160,000100,000$

Accumulated depreciation $$ building $(27,700)(20,000)$

Equipment $61,50050,000$

Accumulated depreciation $-$ equipment $(10,000)(17,500)$

Patent $8,50010,500$

Total $$311,500$ $$210,500$

Accounts payable $$17,000$ $$26,500$

Salaries payable $21,00017,000$

Long$-$term notes payable $100,00050,000$

Common stock $110,00090,000$

Retained earnings $63,50027,000$

Total $$311,500$ $$210,500$

Additional data related to $2023$ are as follows:

$1.$ $$20,000$ of the long$-$term note payable was paid by cash.

$2.$ Equipment that had cost $$15,000$ and had accumulated depreciation of

$9,500$ at time of disposal was sold for $$4,000$ in cash.

$3.$ Common stock was issued in exchange for $$20,000$ cash.

$4.$ Cash dividends of $$28,500$ were paid.

$5.$ Investments $($available$-$for$-$sale$)$ were sold for $$28,000.$

$6.$ Cash of $$26,500$ was paid for the acquisition of equipment.

$7.$ A long$-$term note for $$60,000$ was issued for the acquisition of a building.

$8.$ Depreciation expense for the year was $$9,700$ and amortization expense

was $$2,000.$

$9.$ Net Income for the year is $$65,000.$

Required:

Prepare a statement of cash flows, using the indirect method, in good form including all

required disclosures.

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