Type or paste question hereThe following is a comparative statement of financial position and income statement for Vaughn Corporation:

Vaughn Corporation Balance Sheet As at September 30
Assets			2021			2020
	Cash		$96,000			$129,000
	Accounts receivable		106,000			80,000
	Merchandise inventory		111,000			229,000
	Prepaid expenses		26,000			19,000
	Long-term investments		252,000			121,000
	Equipment		1,407,000			1,314,000
	Less: Accumulated depreciation		(521,000	)		(447,000	)
			$1,477,000			$1,445,000
Liabilities and Shareholders' Equity
	Accounts payable		$74,000			$82,000
	Income tax payable		20,000			14,000
	Bonds payable		901,000			949,000
	Common shares		200,000			140,000
	Retained earnings		282,000			260,000
			$1,477,000			$1,445,000

Vaughn Corporation Income Statement For the Year Ended September 30, 2021
Sales		$887,000
Cost of goods sold		627,000
Gross profit		260,000
Operating expenses		185,000
Income from operations		75,000
Interest expense		3,000
Gain on disposal of equipment		2,000
Income before income tax		74,000
Income tax expense		29,000
Profit		$45,000

ADDITIONAL INFORMATION:

		Depreciation expense is included in operating expenses.
		During the year, equipment that originally cost $99,000 was sold for cash. The equipment was 60% depreciated at the time of the sale.
		Long-term investments were purchased for cash during the year.

Prepare a statement of cash flows, in good form, for Vaughn Corporation, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)