This problem asks you to prepare a cash flow statement using the indirect method.

The income statement and balance sheets are provided for you.

Assume that the company purchased $$110,000$ in equipment during $2024.$ No equipment was sold.

The company repaid $$115,000$ in notes payable during $2024.$

The company declared and paid a cash dividend of $$30,000$ in $2024.$

Prepare the cash flow statement using the indirect method in the tab "Cash Flows $($Indirect$)"$