The following additional information is available about last year's activities:

a$.$ Net income for the year was $

b$.$ The company sold equipment during the year for $$15,000.$ The equipment originally cost $$50,000$ and had $$37,000$ in accumulated depreciation.

c$.$ Cash dividends of $$20,000$ were paid during the year$-$

d$.$ The beginning and ending balances in the Plant and Equipment and Accumulated Depreciation accounts are given below:

Accumulated depreciation, Beg. $$675,000,$ end $$680,000$

Plant and equipment, Beg.$$1,580,000,$end $$1,800,000$

e$.$ The balance in the cash account at the beginning of the year was $$23,000$; the balance at the end of the year was $\_$$$\_\_\_?$

f$.$ If data are not given explaining the change in an account, make the most reasonable assumption as to the cause of the change

Required: using the indirect method, prepare a statement of cash flows

Note: List any deduction in cash and cash outflows as negative amounts