The income statement disclosed the following items for the year:

$\backslash$table$[[$Depreciation expense,$$57,600],[$Gain on disposal of equipment,$33,600],[$Net income,$508,000]]$

The changes in the current asset and liability accounts for the year are as follows:

$\backslash$table$[[,$Increase $($Decrease$)],[$Accounts receivable,$$8,960],[$Inventory$,(5,120)],[$Prepaid insurance,$(1,920)],[$Accounts payable,$(6,080)],[$Income taxes payable,$1,410],[$Dividends payable,$2,200]]$

Statement of Cash Flows $($partial$)$