Cristiano Company's net income last year was $91,000. Changes in the company's balance sheet accounts for the year appear below: Cash (13,000) • Accounts receivable • Inventory • Prepaid expenses...

Extracted text: Cristiano Company's net income last year was $91,000. Changes in the company's balance sheet accounts for the year appear below: Cash (13,000) • Accounts receivable • Inventory • Prepaid expenses 16,000 21,000 (8,000) Long-term investments • Property, plant and equipment • Accumulated depreciation • Accounts payable • Accrued expenses • Income taxes payable • Bonds payable • Common stock • Retained earnings 30,000 60,000 36,000 (21,000) 14,000 42,000 (50,000) 20,000 65,000 The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend. The beginning and ending cash balances were $20,000 and $7,000, respectively. Required: Prepare a statement of cash flows using the indirect method.