The following are financial statements for Germaine Company:

The following information is also available for 2011:
(a) Plant assets were sold for their book value of $180 during the year. The assets had an original cost of $290.
(b) Cash dividends totaling $30 were paid during the year.
(c) All accounts payable relate to inventory purchases.
(d) All purchases of plant assets were cash transactions.
Prepare a statement of cash flows for 2011 using the indirectmethod.

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Germaine Company Comparative Balance Sheet December 31, 2011 and 2010 (Dollars in thousands) 2011 2010 $ 22 105 1,025 S 16 245 Accounts receivable Prepaid general expenses Plant assets 1.000 (585) S 813 Accumulated depreciation plant assets 868 Liabilities and Stockholders' Equity Accounts payable Interest payable Income taxes payable Bonds payable Common stock Retained earnings $ 70 105 362 236 $ 868 Total liabilities and stockholders' equity S 813 Germaine Company Condensed Income Statement For the Year Ended December 31, 2011 (Dollars in thousands) $1.450 Cost of goods sold. Gross proft Operating expenses: $ 460 S 55 General expenses 422 $ 38 Income tax expense