The Following Items Were Gathered from Rankin Corporation's General Ledger

The following items were gathered from Rankin Corporation's general ledger:
$\begin{array}{lr}\text {Net income} & \$26,000 \\\text {Gain on sale of marketable securities} & 3,000 \\\text {Beginning cash balance} & 18,000 \\\text {Purchase of new factory equipment} & 75,000 \\\text {Proceeds from sale of marketable securities} & 25,000 \\\text {Depreciation} & 8,000 \\\text {Payment of cash dividends} & 23,000 \\\text {Decrease in accounts receivable} & 6,000 \\\text {Proceeds from issuance of common stock} & 32,000 \\\text {Increase in inventory} & 12,000 \\\text {Increase in accounts payable} & 4,000 \\\text {Decrease in accrued liabilities} & 2,000 \\\end{array}$
Required:

Using the indirect method, construct Rankin’s statement of cash flows.