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The management team of Wickersham Brothers Incorporated is preparing its annual financlal statements. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and lncome statements are summarlzed Dther Information from the company's records Includes the following: Bought equipment for cash, $98,000. Paid $18,000 on long-term note payable. Issued new shares of common stock for $20,000 cash. Cash dividends of $30,900 were declared and pald to stockholders. Accounts Payable arose from Inventory purchases on credit. Income tax expense ($22,790) and Interest expense ($5,400) were paid in full at the end of both years and are Included in Other Expenses. Required: Prepare the statement of cash flows using the Indirect method. Include any supplemental disclosures. (Enter any deductions and cash outflows as a negatlve value.) Other Information from the company's records Includes the followng: Bought equipment for cash, $98,000. Paid $18,000 on long-term note payable. Issued new shares of common stock for $20,000cash. Cash dividends of $30,900 were declared and pald to stockholders. Accounts Payable arose from inventory purchases on credit. Income tax expense ($22,790) and Interest expense ($5,400) were paid in full at the end of both years and are Included in Other Expenses. Required: a. Prepare the statement of cash flows using the Indirect method. Include any supplemental disclosures. (Enter any deductions and cash outflows as a negatlve value.)

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