Condensed financial data of Minnie Hooper Company are shown below.

Additional information:
1. New plant assets costing $149,000 were purchased for cash during the year.
2. Investments were sold at cost.
3. Plant assets costing $36,000 were sold for $10,000, resulting in a loss of $5,000.
4. A cash dividend of $43,000 was declared and paid during the year.
Instructions
Prepare a statement of cash flows using the indirectmethod.

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Minnie Hooper Company Comparative Balance Sheets December 31 2013 Assets Cash Accounts receivable Inventory Investments Plant assets Accumulated depreciation 2014 93,600 33,400 63,200 124,500 79,500 37,000 102.650 107,000 205,000 (40,000) $445,050 318,000 (44,000) Total $634.800 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings 56,600 48,280 18,830 70,000 200,000 107,940 $634,800 $445,050 15,100 140,000 250,000 173,100 Total Minnie Hooper Company Income Statement For the Year Ended December 3, 201 Sales revenue Less: $297,500 Cost of goods sold Operating expenses, excluding $99,460 depreciation expense Depreciation expense Loss on disposal of plant assets Income taxes Interest expense 19,670 25,000 5,000 37,270 2,940 189,340 108.160 Net income