The management team of Wickersham Brothers Incorporated is preparing its annual financial statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statements are summarize

Other information from the company's records includes the following:

Bought equipment for cash, $$50,000$

Paid $$10,000$ on long$-$term note payable.

Issued new shares of common stock for $$20,000$ cash.

Cash dividends of $$16,000$ were declared and paid to stockholders.

Accounts Payable arose from inventory purchases on credit.

Income Tax Expense $($$$4,000)$ and Interest Expense $($$$3,000)$ were paid in full at the end of both years and are included in Other