DeWitt Software Corp. has assembled the following data for the years ending December 31, 2014 and 2013.

Requirement
1. Prepare DeWitt 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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December 31, 2014 1 2013 3 Current Accounts: Current assets: 5 Cash and cash equivalents 6 Accounts receivable 7 Inventories 8 Prepaid expenses 9 Current liabilities: 10 Accounts payable 11 Income tax payable 12 Accrued liabilities 13 96,400 38,600 64,600 67,000 2,100 51,300 34,600 $27,100 18,600 15,300 55,700 0 16,300 7,800 Transaction Data for 2014: Acquisition of land by issuing Purchase of treasury stock....510,200 4,000 18,100 long-term note payable . $163,000 31,600 25,000 13,000 Loss on sale of equipment... Payment of cash dividends..1 Collection of loan.... Issuance of long-term note Depreciation expens Purchase of building payable to borrow cash..34,800 .. 64,000 with c 95,000 Issuance of common stock Retirement of bonds payable for cash 35,000 by issuing common stock. 75,000 Procceds from sale of 12,700 4,200 Purchase of long-term 37,400