Galvin Software Corp. has assembled the following data for the year ended December 31, 2012:

Requirement
1. Prepare Galvin Software Corp.€™s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of non-cash investing and financingactivities.

December 31, 2012 2011 Current Accounts: Current assets: Cash and cash equivalents Accounts receivable Inventories Prepaid expenses 585,600$10,000 44,90064,700 39,000 78,000 3,000 2,200 Current liabilities: Accounts payable Income tax payable Accrued liabilities 58,100 5,400 28,400 16,300 15,400 7,000 Transaction Data for 2012: Acquisition of land by issuing long-term note payable . Stock dividends Purchase of treasury stock$12,100 $203,000 Gain on sale of equipment..8,000 40,100 Payment of cash dividends19,000 Collection of loan10,600 Issuance of long-term note 21,000 Depreciation expense.. Purchase of building....134,000 Net in Retirement of bonds payable payable to borrow cas..50,600 61,000 come. Issuance of common stock by issuing common stock Purchase of long-term 80,000 52,000 Proceeds from sale of 12,900 4,600 45,200 equpment Amortization expense..