Trident Equipment's accountants assembled the following data for the year ended April 30, 2016.

Prepare Trident Equipment’s statement of cash flows for the year ended April 30, 2016, using the indirect method. The cash balance for Trident Equipment, Inc., at April 30, 2015, was $11,000?

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$72,000 Purchase of equipment with cash. Decrease in current liabilities. Payment of long-term note payable. Proceeds from sale of land. Depreciation Expense. Net Income Proceeds from issuance of common stock Payment of dividends.. Increase in current assets other than cash Purchase of treasury stock $58,000 4,000 6,000 5,000 38,000 35,000 63,000 23,000 7,000