Cash flows from operating activities

Net income $......................................................$ $$52,000$

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation expense $..................................+16,000$

Gain on sale of plant assets $.............................(6,000)$

Changes in operating assets and liabilities:

Accounts receivable $($decrease$)....................+7,000$

Inventory $($increase$).......................................(27,000)$

Accounts payable $($decrease$)........................(4,000)$

Accrued liabilities $($increase$)..........................+4,000$

Net cash provided by operating activities $...............$ $$42,000$

Cash flows from investing activities

Purchase of equipment $($cash$)............................(60,000)$

Proceeds from sale of equipment $........................+16,000$

Net cash used in investing activities $........................$ $$(44,000)$$

Cash flows from financing activities

Proceeds from issuance of common stock $..........+52,000$

Purchase of treasury stock $................................(6,000)$

Borrowings on new long$-$term note $....................+34,000$

Repayment of long$-$term notes $.............................(43,000)$

Dividends paid$*..................................................(15,000)$

Net cash provided by financing activities $..............$ $$22,000$

$*$Dividends paid are inferred from retained earnings:

Ending RE $$115,000$ Beginning RE $$78,000=+$$$37,000$ change;

Dividends $=$ Net income $$52,000$ RE increase $$37,000=$ $$15,000.$

Net increase in cash $....................................................$ $$20,000$

Cash, beginning of year $(1/1/2024)...........................13,000$

Cash, end of year $(12/31/2024).................................$ $$33,000$