Condensed financial data of Sinjh Inc. follow.

Additional information:
1. New plant assets costing $80,000 were purchased for cash during the year.
2. Old plant assets having an original cost of $57,500 and accumulated depreciation of $50,000 were sold for $12,500 cash.
3. Bonds payable matured and were paid off at face value for cash.
4. A cash dividend of $43,900 was declared and paid during the year.
Instructions
Prepare a statement of cash flows using the indirectmethod.

Sinjh Inc. Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2014 $100,350 92,800 112,500 29,300 140,000 265,000 (47.000) $692,950 2013 48,400 33,000 102,850 26,000 114,000 242,500 (52,000) $514,750 Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings $112,000 16,500 110,000 220,000 234,450 $692,950 $ 67,300 17,000 150,000 175,000 105,450 $514,750 Total Sinjh Inc. Income Statement For the Year Ended December 31, 2014 Sales Gain on disposal of plant assets Less: $392,780 5,000 $397,780 Cost of goods sold Operating expenses, excluding 135,460 depreciation Depreciation expense Income taxes Interest expense 12,410 45,000 27,280 4,730 224,880 $172,900 -- Net income