The Pepperpike Corporation is preparing its statement of cash flows for the past year just ended on December 31. The controller has gathered the following information about the past year.

Requirement
Prepare a statement of cash flows for the past year using the indirectmethod.

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Retire bond payable (long-term)..$15,000 Decrease in accounts receivable Paid dividends in cash Decrease in inventory.. $8,000 Depreciation expense $12,000 Decrease in accounts payable Sold land (investment$ Increase in interest payable800 Increase in taxes payable Cash balance, beginning of yea $89,000 Purchase of new computer system.$16,000 Net income $34,000 Increase in salaries payable 9,000 5,000 Increase in prepaid insurance. 500 $26,000 Decrease in other short-term liabilities. 2,000 s 1,000 $92,000