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The Following Information Is Available for the Ehrens Corporation:

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The following information is available for the Ehrens Corporation:
 The following information is available for the Ehrens Corporation:    EHRENS CORPORATION Income Statement For Year Ended December 31, 2013  \begin{array}{|l|r|r|} \hline \text { Sales } & & \$ 240,000 \\ \hline \text { Cost of goods sold } & \$ 80,900 & \\ \hline \text { Depreciation expense } & 29,400 & \\ \hline \text { Other operating expenses } & 48,000 & \\\hline \text { Interest expense } & 2,000 & (160,300) \\ \hline \text { Other gains (losses): } & & \\ \hline \text { Loss on sale of equipment } & & (8,400) \\\hline \text { Income before taxes } & & 71,300 \\ \hline \text { Income taxes expense } & & 27,650 \\ \hline \text { Net income } & & \$ 43,650 \\ \hline \end{array}  Additional information: (1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired. (2) Old equipment with an original cost of $37,550 was sold for $2,100 cash. (3) New equipment was purchased for $67,550 cash. (4) Cash dividends of $33,600 were paid. (5) Additional shares of stock were issued for cash. Prepare a statement of cash flows for the 2013 calendar year using the indirect method. EHRENS CORPORATION
Income Statement
For Year Ended December 31, 2013
 Sales $240,000 Cost of goods sold $80,900 Depreciation expense 29,400 Other operating expenses 48,000 Interest expense 2,000(160,300) Other gains (losses):  Loss on sale of equipment (8,400) Income before taxes 71,300 Income taxes expense 27,650 Net income $43,650\begin{array}{|l|r|r|}\hline \text { Sales } & & \$ 240,000 \\\hline \text { Cost of goods sold } & \$ 80,900 & \\\hline \text { Depreciation expense } & 29,400 & \\\hline \text { Other operating expenses } & 48,000 & \\\hline \text { Interest expense } & 2,000 & (160,300) \\\hline \text { Other gains (losses): } & & \\\hline \text { Loss on sale of equipment } & & (8,400) \\\hline \text { Income before taxes } & & 71,300 \\\hline \text { Income taxes expense } & & 27,650 \\\hline \text { Net income } & & \$ 43,650 \\\hline\end{array} Additional information:
(1) There was no gain or loss on the sales of the long-term investments, nor on the bonds retired.
(2) Old equipment with an original cost of $37,550 was sold for $2,100 cash.
(3) New equipment was purchased for $67,550 cash.
(4) Cash dividends of $33,600 were paid.
(5) Additional shares of stock were issued for cash.
Prepare a statement of cash flows for the 2013 calendar year using the indirect method.

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