A comparative balance sheet for VNN Inc. appears below:

VNN Inc.

Comparative Balance Sheet

12/31/yr2 12/31/yr1

Assets

Cash $23,000 $10,000

Accounts receivable $18,000 $14,000

Inventory $27,000 $18,000

Prepaid expenses $6,000 $9,000

Long-term investments $0 $18,000

Equipment $60,000 $32,000

Accumulated depreciation (EQ) $(18,000) $(14,000)

Total Assets $116,000 $87,000

Liabilities and Stockholder's Equity

Accounts payable $17,000 $7,000

Bonds payable $37,000 $47,000

Common Stock $40,000 $23,000

Retained Earnings $22,000 $10,000

Total liabilities and SH equity $116,000 $87,000

Additional information:

1. Net income was $24,000. Also, $12,000 cash dividends were declared and paid during yr2.
2. Long-term investments that had a cost of $18,000 were sold for $16,000, a loss of $2,000
3. There were purchases of Equipment, but no sales or disposals

Make a statement of cash flows for December 31, 20yr2 (using the indirect method).