Comparative Statements of Financial Position December 31

	2,014	2,013
Cash	43,000	24,000
Accounts Receivable, net	35,000	38,000
Inventory	114,000	82,000
Land	120,000	190,000
Building	200,000	200,000
Accumulated Depreciation	-50,000	-40,000
Equipment	1,030,000	600,000
Accumulated Depreciation	-118,000	-94,000
	1,374,000	1,000,000
Accounts Payable	115,000	100,000
4% Bonds Payable	320,000	0
Common Shares	750,000	750,000
Retained Earnings	189,000	150,000
	1,374,000	1,000,000

Additional data:

1. Net income for the year was $84,000.

2. Cash dividends were paid.

3. Land was sold for $80,000.

4. Old equipment was sold for $70,000. This equipment had cost $150,000 and had accumulated depreciation of $60,000 to date of sale. New equipment was purchased to replace it.

Instructions 

Prepare a statement of cash flows for calendar 2014, using the indirect method