Year ended December 31, 2024 Sales Revenue $291,300 Interest Revenue 1,000 Gain on Sale of Plant Assets 6,000 Total Revenues and Gains $298,300 Cost of Goods Sold 145,000 49,000 16,000 Salaries and Wages Expense Depreciation Expense-Plant Assets Other Operating Expense Interest Expense Income Tax Expense Total Expenses 25,000 3.500 7.800 246,300 Net Income $52.000 Additional Information provided by the company includes the following Equipment costing $60,000 was purchased for cash. Equipment with a netbook value of $10,000 was sold for $16.000 Depreciation expense of $16,000 was recorded during the year. During 2024, the company repaid $43.000 of long-term notes payable During 2024, the company borrowed $34.000 on a new long-term note payable. There were no stock retirements during the year There were no sales of treasury stock during the year All sales are on credit Prepare the 2024 statement of cash flows, using the indirect method