the goal is to prepare a statement of cash flows using the indirect method. thanks in advance for your help!

net income = retained earnings from X2 - retained earnings from X1 plus the stated dividends that were declared

15000-16000=-1000+30000=29000, I believe. correct me if I'm wrong. I still need help on the rest of the problem, the creation of the statement of cash flows.

Problem 11 The CB Caf Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 $ 15,000 5,000 14,000 20,000 20X2 $ 15,000 5,000 15,000 19,000 810,000 320,000 (50,000) $1,134.000 810,000 320,000 (50,000) $1,134,000 Cash Marketable Securities Accounts Receivable Inventory Building Equipment Accumulated Depreciation Total Assets Current Liabilities: Accounts Payable Dividends Payable Mortgage Payable (current) Noncurrent Liabilities: Mortgage Payable Common Stock Retained Earnings Total Liabilities and Owners' Equity $ $ 18,000 20,000 80,000 19,000 20,000 80,000 600,000 400,000 16,000 $1,134,000 600,000 400,000 15,000 $1,134,000 The Statement of Cash Flows 213 Additional information about activities in 20X2: 1. Dividends declared during 20X2 totaled $30,000. 2. The caf's van, which cost $25,000, was sold at a loss of $5,000. Its net book value on the date of sale was $10,000. 3. Marketable securities that cost $10,000 were sold for $12,000. 4. Assume current liabilities are paid on a timely basis. Required: Prepare the statement of cash flows for 20X2