The Comparative Balance Sheets of Posner Company, for Years 1

The comparative balance sheets of Posner Company, for Years 1 and 2 ended December 31, appear below in condensed form: $$\begin{array} { l r r } & \text { Year } 2 & \text { Year } 1 \\\text { Cash } & \$ 53,000 & \$ 50,000 \\\text { Accounts receivable (net) } & 37,000 & 48,000 \\\text { Inventories } & 108,500 & 100,000 \\\text { Investments } & - & 70,000 \\\text { Equipment } & 573,200 & 450,000 \\\text { Accumulated depreciation-equipment } & ( 142,000 ) & ( 176,000 ) \\& \underline {\$ 629,700} & \underline {\$ 542,000} \\& & \\\text { Accounts payable } & \$ 62,500 & \$ 43,800 \\\text { Bonds payable, due Year 2 } & - & 100,000 \\\text { Common stock, } \$ 10 \text { par } & 325,000 & 285,000 \\\text { Paid-in capital in excess of par-common stock } & 80,000 & 55,000 \\\text { Retained earnings } & \underline {162,200} & \underline { 58,200 } \\& \underline {\$ 629,700} & \underline {\$ 542,000} \\\end{array}$$ ​
The income statement for the current year is as follows: $$\begin{array}{lrr}\text {Sales} & & \$625,700 \\\text {Cost of goods sold} & & \underline{340,000} \\\text {Gross profit }& & \$285,700 \\\text {Operating expenses:} & & \\\quad\text {Depreciation expense} & \$26,000 & \\\quad\text {Other operating expenses} & \underline{68,000} & \\\quad\quad\text {Total operating expenses }& & 94,000 \\\text {Income from operations} & & \$191,700 \\\text {Other income:} & & \\\quad\text {Gain on sale of investment} & \$ 4,000 & \\\text {Other expense:} & & \\\quad\text {Interest expense} & \underline{6,000} & \underline{(2,000)} \\\text {Income before income tax} & & \$189,700 \\\text {Income tax} & & \underline{60,700} \\\text {Net income} & & \underline{\$129,000} \\\end{array}$$ ​
Additional data for the current year are as follows: (a) Fully depreciated equipment costing $\$ 60,000$ was scrapped, no salvage, and new equipment was purchased for $\$ 183,200$ .
(b) Bonds payable for $\$ 100,000$ were retired by payment at their face amount.
(c) 5,000 shares of common stock were issued at $\$ 13$ for cash.
(d) Cash dividends declared and paid, $\$ 25,000$ . ​
Prepare a statement of cash flow, using the indirect method of reporting cash flows from operating activities.