Karaoke Company Uses the Indirect Method to Prepare Its Statement $\quad$

Karaoke Company uses the indirect method to prepare its statement of cash flows. Refer to the following sections of the comparative balance sheet:
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Fashion Company
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ Comparative Balance Sheet
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ December 31, 2014 and 2013
$\begin{array} { l r r c } & \underline { 2014 } & \underline { 2013 } & \text { Increase/decrease } \\ \text { Accounts Payable } & \$ 6,000 & \$ 9,000 & \$ ( 3,000 ) \\ \text { Accrued Liabilities } & 3,000 & 1,500 & 1,500 \\ \text { Long-Term Notes Payable } & \underline { 126,000 } & \underline { 135,000 } & \underline { ( 9,000 ) } \\ \text { Total liabilities } & \$ 135,000 & \$ 145,500 & \$ ( 10,500 ) \\ & & & \\ \text { Common Stock } & 45,000 & 3,000 & 42,000 \\ \text { Retained Earnings } & 169,500 & 111,000 & 58,500 \\ \text { Treasury Stock } & \underline { ( 12,000 ) } & \underline { ( 7,500 ) } & \underline { ( 4,500 ) } \\ \text { Total equity } & 202,500 & 106,500 & 96,000 \\ & & & \\ \text { Total liabilities and equity } & \underline { \underline { 337,500 } } & \underline { \underline { 252,000 } } & \underline { \underline { 85,500 } } \end{array}$
Additional information:
No stock was retired.
No treasury stock was sold.
During 2014, the company repaid $60,000 of long-term notes payable.
During 2014, the company borrowed $51,000 on a new long-term note payable.
Net income for the year was $68,000.
Prepare the financing section of the statement of cash flows.