Sofie Company uses the indirect method to prepare the statement of cash flows. Please refer to the following income statement:

Sales revenue	$140,000
Interest revenue	5,000
Loss on sale of plant assets	(4,000)
Total revenues and (losses)		$141,000
Cost of goods sold	100,000
Salary expense	23,000
Depreciation expense	8,000
Other operating expenses	9,000
Interest expense	2,000
Income tax expense	5,000
Total expenses		$147,000
Net income/(loss)		$ (6,000)

Other information provided:

During the year, the company borrowed $34,000 on a new note payable.

Current assets other than cash decrease by $4,000.

During the year, the company issued $28,000 common stock

Current liabilities increase by $1,000

Equipment with a net asset value of $10,000 was sold for $14,000.

Equipment costing $52,000 was purchased for cash.

During the year, the company repaid $40,000 of long-term notes payable.

The company paid dividends of $10,000 during the year.

Requirement:

Using the indirect method, prepare the operating activities section of cash flows.

Using the indirect method, prepare the investing activities section of the statement of cash flows.

Using the indirect method, prepare the financing section of the statement of cash flows.