Monon Cable Television Company reported the following financial statements for 2009:

Additional information:
a. The old antenna with a cost of $35,000 and accumulated depreciation of $34,000 was taken down and sold as scrap for $1,800 cash during 2009. A new antenna was purchased for cash at an installed cost of $60,000.
b. Additional equipment was purchased for $20,000 cash.
c. Wiring for 300 additional homes was purchased for $6,000 cash.
d. Depreciation expense for 2009 was $28,000.
e. A long-term note payable was issued for $40,000 cash.
f. Dividends of $14,200 were paid during 2009.

Required:
Prepare a statement of cash flows, using the indirect method to compute net cash flow from operatingactivities.

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Monon Cable Television Company Income Statement For the Year Ended December 31, 2009 es $519,000 Less operating expenses: Royalty expense Salaries expense Utilities expense Supplies expense Rent expense Depredation expense $240,000 26,000 83,000 13,000 79,000 28,000 469,000 50,000 Income from operations Other income (expenses): Gain on sale of antenna 800 Interest expense Income before taxes Less: Income taxes expense Net income (1,000) $ 49,000 9,000 Monon Cable Television Company Balance Sheets December 31, 2009 and 2008 ASSETS 2009 2008 Current assets: Cash Accou Supplies inventory $ 2,000 11,300 1,200 $ 3,000 11,000 1,700 unts receivable Total current assets Property, plant, and equipment: Antenna Equipment Cable system $60,000 210,000 81,000 $ 35,000 190,000 75,000 Accumulated depreciation Net property, plant, and 226,000 $240,500 169,000 $184,700 equipment Total assets LIABILITIES AND EQUITY Current liabilities $ 8,000 13,600 3,100 Accounts payable Royalties payable Long-term liabilities Total liabilities $ 6,500 4,900 3,300 Rent payable Total current liabilities $ 14,700 24,700 Long-term notes payable 40,000 0 $ 24,700 Equity: $100,000 85,800 $100,000 60,000 Common stock Retained earnings Total equity Total liabilities and equity 185,800 160,000 $184,700