Dingel Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information.

Additional data related to 2014 are as follows.
1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.
2. $10,000 of the long-term notes payable was paid by issuing ordinary shares.
3. Cash dividends paid were $5,000.
4. On January 1, 2014, the building was completely destroyed by a flood. Insurance proceeds on the building were $32,000.
5. Equity investments (non-trading) were sold at $1,700 above their cost.
6. Cash was paid for the acquisition of equipment.
7. A long-term note for $16,000 was issued for the acquisition of equipment.
8. Interest of $2,000 and income taxes of $6,500 were paid in cash.

Instructions
Prepare a statement of cash flows using the indirectmethod.

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December 31 2014 2013 Buildings Equipment Patents Investments Inventory Accounts receivable Cash $29,750 20,000 6,250 3,000 9,000 10,000 13,000 $91,000 45,000 5,000 12,000 12,250 33,500 $107,750 Share capital-ordinary Retained earnings Allowance for doubtful accounts Accumulated depreciation on equipment Accumulated depreciation on buildings Accounts payable Dividends payable Long-term notes payable Notes payable, short-term (non-trade) $43,000 20,750 3,000 2,000 $33,000 6,000 4,500 4,500 6,000 3,000 5,000 25,000 4,000 5,000 31,000 3,000 $107,750 91,000