Thunder Corporation's balance sheet and income statement appear below: The company did not dispose of any property, plant, and equipment, issue any bonds payable, or repurchase any of its own common stock during the year.The company declared and paid a cash dividend of $24.
Required:
Prepare a statement of cash flows in good form using the indirect method.

Statement Of Cash Flows

A financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Indirect Method

A technique used in cash flow statements where net income is adjusted for non-cash transactions and changes in working capital to arrive at cash flow from operating activities.

Cash Dividend

A payment made by a company out of its earnings to shareholders, usually in the form of cash.