The following information was collected from Sierra Manufacturing s income statement comparative Balance Sheet: Sierra's net income for the year was $129,000. No direct exchange transactions occurred at Sierra during the year. A piece of equipment that had been purchased for $40,000 and had accumulated depreciation of $24,000 was sold for $20,000. Cash dividends of $30,000 were declared and paid during the year. Beginning cash was $30,000. Sierra uses the indirect method to prepare its statement of cash flows