O€™Malley Corporation accountants assembled the following data for the year ended December 31, 2014:

Requirement
Prepare O'Malley Corporation€™s cash flow statement using the indirect method to report operating activities. List noncash investing and financing activities on an accompanying schedule.

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O'Malley Corporation December 31 Current Assets Cash and Cash Equivalents Accounts Receivable... Inventory80,000 83,000 Current Liabilities: Accounts Payable.. .. Income Tax Payable.. 2014 2013 ..$85,000 $22,000 69,200 64,200 $57,800 $55,800 14,700 16,700 Transaction Data for 2014: Net Income. Purchase of treasury shares.14,000 . S 57,000 41,000 Loss on sale of equipment.11,000 Payment of cash dividends Depreciation Expense Issuance of long-term note payable in exchange for cash Purchase of building for cash..125,000 Retirement of bonds payable by issuing common shares65,000 Sale of equipment for cash..58,000 18,000 21,000 34,000