(Solved): A comparative balance sheet for Lyon Company appears below: LYON COMPANY Comparative Balance Sheet ...

A comparative balance sheet for Lyon Company appears below: LYON COMPANY Comparative Balance Sheet Additional information: 1. Net income for the year ending December \( 31,20 \mathrm{CY} \) was \( \$ 24,000 \), 2. Cash dividends of \( \$ 12,000 \) were declared and paid during the year. 3. Long-term investments that had a cost of \( \$ 18,000 \) were sold for \( \$ 16,000 \). (you need to calculate something else here too) 4. Depreciation expense is \( \$ 4,000 \). Instructions: Prepare a statement of cash flows for the year ended December \( 3120 \mathrm{CY} \), using the indirect method. (50)