The income statement and additional data of Noel Travel Products, Inc., follow:

Additional data:
a. Acquisition of plant assets was $150,000. Of this amount, $100,000 was paid in cash and $50,000 by signing a note payable.
b. Proceeds from sale of land totaled $24,000.
c. Proceeds from issuance of common stock totaled $30,000.
d. Payment of long-term note payable was $15,000.
e. Payment of dividends was $11,000.
f. From the balance sheet

Required
Prepare Noel's statement of cash flows for the year ended December 31, 20X6, using the indirect method.

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Noel Travel Products, Inc. Income Statement Years Ended December 31, 20x6 Revenues: Dividend revenue 8,000$237,000 Expenses: Cost of goods sold Salary expense De Advertising expense .. Interest expense.. Income tax expense $91,000 45,000 29,000 4,000 2,000 9,000 180,000 57,000 Net income December 31 20x6 20X5 Current Assets: Cash...$47,000 $20,000 Accounts receivable 43,000 58,000 Inventory..83,000 77,000 Prepaid expenses.. 9,000 8,000 Current Liabilities: Accounts pa yable.$35,000 $22,000 Accrued liabilities..13,000 21,000