Carlson Software Corp. has assembled the following data for the years ending December 31, 2016 and 2015.

Requirement
1. Prepare Carlson Software Corp.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities.

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A1 December 31 2016 2015 Current Accounts 4 Current assets 5 Cash and cash equivalents 6 Accounts receivable 105,800 $20,000 18,000 64,100 8,600 86,000 2,900 7 Inventories 8 Prepaid expenses 1,600 Current liabilities 10 Accounts payable 1Income tax payable 2Accrued liabilities 13 9,300 $55400 28,600 15,000 27,400 Transaction Data for 2016: Purchase of treasury stock $14,100 Payment of cash dividends ....46,000 payable to borrow cash. 52,200 Acquisition of land by issuing long-term note payable.. $202,000 Loss on sale of equipment Stock dividends 34,900 12,400 Depreciation expense.19,000 Issuance of long-term note Purchase of building Net income... 58,000 83,100 12,300 .. Issuance of common stock 159,000 80,000 t with cash.45,300 Retirement of bonds payable for cash. Proceeds from sale of by issuing common stock Purchase of long-term equipment 5,500