The following information is reported by Dakota Company:

Net income 20,000

Cash received from the sale of equipment 6,000

Cash paid for treasury stock 6,000

Depreciation expense 3,000

Cash paid for new equipment 10,000

Cash paid for dividends 3,000

Accounts receivable decrease 2,000

Cash received from sale of investments 5,000

Cash paid on long term debt principal amount 5,000

Accounts payable decrease 4,000 Beginning cash balance 20,000 Required:

Prepare a statement of cash flows using the indirect method.