The following are data taken from the records of Durand Company.

Additional information:
1. Held-for-collection investments carried at a cost of €43,000 on December 31, 2014, were sold in 2015 for €34,000. The loss was incorrectly charged directly to Retained Earnings.
2. Plant assets that cost €60,000 and were 80% depreciated were sold during 2015 for €8,000. The loss was incorrectly charged directly to Retained Earnings.
3. Net income as reported on the income statement for the year was €59,000.
4. Dividends paid amounted to €10,000.
5. Depreciation charged for the year was €28,000.
Instructions Prepare a statement of cash flows for the year 2015 using the indirect method.

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Cash Current assets other than cash Long-term investments Plant assets December 31, 2015 15,000 85,000 10,000 335,000 445,000 Accumulated depreciation 20,000 Current liabilities 40,000 Bonds payable 75,000 Share capital-ordinary 254,000 Retained earnings 56,000 445,000 December 31, 2014 10,000 58,000 53,000 215,000 336,000 40,000 22,000 -0- 254,000 20,000 336,000