. Violet Inc.s balance sheet and income statement are as follows:

Balance Sheet	January 1	December 31
Assets:
Cash	$ 29	$ 31
Accounts receivable	73	61
Inventory	61	59
Property, plant, & equipment	550	684
Less accumulated depreciation	(319)	(349)
Total	$ 394	$ 486
Liabilities and stockholders equity:
Accounts payable	$ 54	$ 53
Accrued liabilities	21	20
Income taxes payable	48	52
Bonds payable	190	203
Common stock	60	61
Retained earnings	21	97
Total	$ 394	$ 486

Income Statement
Sales	$ 807
Cost of goods sold	(492)
Gross margin	315
S&A expenses	(182)
Operating income	133
Gain on sale of equipment	16
Income before taxes	149
Income taxes	(45)
Net income	$ 104

Violet sold equipment for $18 that was originally purchased for $14 and that had accumulated

depreciation of $12. Violet paid a cash dividend of $28 and did not retire any bonds payable or repurchase any of its own common stock. Prepare a statement of cash flows using the indirect method.