Diamond Corp $\begin{array}{lll}&2018 & 2017 & \begin{array}{l}\text { Increase } \\\text { (Decrease }\end{array}\end{array}$

Diamond Corp. has provided the following information for the year ended December 31, 2018.
Diamond Corp
Comparative Balance Sheet
December 31,2018 and 2017

$\begin{array}{lll}&2018 & 2017 & \begin{array}{l}\text { Increase } \\\text { (Decrease }\end{array}\end{array}$
$\begin{array}{lcc} \text { Cash } & \$ 33,000 & \$ 13,000&\$20,000 \\\text { Accounts Receivable } & 29,000 & 36,000&(7,000) \\ \text { Merchandise Inventory } & 56,000 & 29,000&27,000 \\ \text { Plant Assets, net } & \underline{126,000} & \underline{92,000} &\underline{34,000}\\ \text { Total Assets } & \$ 24400 & \$ 170000&\$74,000 \\\end{array}$ $\begin{array}{llll}\text { Accounts Payable } & \$ 9,000 & \$ 13,000 & \$(4,000 )\\\text { Accrued Liabilities } & 7,000 & 3,000 & 4,000 \\\text { Long-term Notes Payable } & \underline{70,000} & \underline{79,000} & \underline{(9,000)} \\\text { Total Liabilities } & 86.000 & 95.000 & (9,000)\end{array}$ $\begin{array}{llll}\text { Common Stock } & 55,000 & 3,000 & 52,000 \\\text { Retained Earnings } & 115,000 & 78,000 & 37,000 \\\text { Treasury Stock } & \underline{(12,000)} & \underline{(6,000)}& \underline{(6,000)} \\\text { Total Stockholders' Equity } &\underline{185,000}&\underline{75,000}&\underline{83,000}\\\text { Total Liabilities and Stockholders' Equity }& \underline{\$ 244,000}&\underline{\$ 170,000} & \underline{\$ 74,000}\end{array}$ $\begin{array}{c}\text {Diamond Corp}\\\text {Income Statement}\\\text {Year ended December 31, 2018}\\\begin{array}{ll}\text { Sales Revenue } & \$ 291,300 \\\text { Interest Revenue } & 1,000 \\\text { Gain on Sale of Plant Assets } & 6.000\\\text { Total Revenues and Gains }&&\$298,300\\\text { Cost of Goods Sold } & 145,000 \\\text { Salaries and Wages Expense } & 49,000 \\\text { Depreciation Expense-Plant Assets } & 16,000\\\text { Other Operating Expense } & 25,000 \\\text { Interest Expense } & 3,500 \\\text { Income Tax Expense } & \underline{7,800} \\\text { Total Expenses}&&\underline{264,300}\\\text { Net Income}&&\underline{\$52,000}\end{array}\end{array}$ Additional information provided by the company includes the following:
Equipment costing $60,000 was purchased for cash.
Equipment with a net book value of $10,000 was sold for $16,000.
Depreciation expense of $16,000 was recorded during the year.
During 2018, the company repaid $43,000 of long-term notes payable.
During 2018, the company borrowed $34,000 on a new long-term note payable.
There were no stock retirements during the year.
There were no sales of treasury stock during the year.
All sales are on credit.
Prepare the 2018 statement of cash flows, using the indirect method.