The income statement for the year ended December 31.2014, for Kosinski company contains the following condensed information: Kosinski Company Income statement For the year ended December 31, 2014 Sales revenues 6583000 Operating expenses (excluding depreciation) 4,920,000 Depreciation expense $80,000 Income before income taxes 783,000 Income tax expense 13530001 Net income 430,000 Included in operating expense is a $ 24000 loss resulting from the sale of machinery for $ 270,000 cash. Machinery was purchased at a cost of $750,000 The following balances are reported on Kasinski comparative statements of financial position at December 31. Kosinski Company Comparative statements of financial position (partial) 2014 2013 Inventory 834,000 867,000 Accounts receivable 775,000 610,000 Cash 130.000 Accounts payable 521,000 501,000 Income tax expense of 353,000 represents the amount paid in 2014.dividends declared and paid in 2014 totaled 200,000 Instructions: Prepare the statement of cash flows using the Indirect method. 672,000