Response to the following problem:
Construct the statement of cash flows given the following information:
¦ $10,000 in new long-term debt is issued.
¦ $30,000 of common stock is repurchased.
¦ Common stock dividends are $15,000.
¦ Current assets are increased by $20,000.
¦ Current liabilities are decreased by $40,000.
¦ Depreciation is $10,000.
¦ Net income is $100,000.
¦ Plant and equipment purchased during the period are $30,000.