Jackson Corporation accountants assembled the following data for the year ended December 31, 2012:

Requirement
1. Prepare Jackson Corporation€™s statement of cash flows using the indirect method to report operating activities. List noncash investing and financing activities on an accompanyingschedule.

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Jackson Corporation December 31 Current Assets: Cash and Cash Equivalents Accounts Receivable Inventory.. Current Liabilities: Accounts Payable Income Tax Payable 2012 2011 $80,300 $24,000 69,000 64,000 80,900 83,600 $57,800 $55,900 14,300 16,300 Transaction Data for 2012 Net Income Purchase of treasury stock Issuance of common stock for cash Loss on sale of equipment Payment of cash dividends Depreciation Expense Issuance of long-term note payable in exchange for cah..!..n34,700 Purchase of building for cash Retirement of bonds payable by issuing common stock Sale of equipment for cash 57,800 14.300 36,800 13,000 18,100 21,800 125,000 63,000 52.000