Presented below are the comparative balance sheets for Marin Company at December 31.

Additional information:1. Operating expenses include depreciation expense $55,000 and charges from prepaid expenses of $4,400.2. Land was sold for cash at cost.3. Cash dividends of $84,290 were paid.4. Net income for 2010 was $47,890.5. Equipment was purchased for $80,000 cash. In addition, equipment costing $40,000 with a book value of $33,000 was sold for $37,000 cash.6. Bonds were converted at face value by issuing 30,000 shares of $1 par value common stock.InstructionsPrepare a statement of cash flows for 2010 using the indirectmethod.

MARIN COMPANY Comparative Balance Sheets December 31 Assets 2010 2009 $ 57,000 $ 41,000 77,000 172,000 12,140 Cash Accounts receivable Inventory Prepaid expenses Land 64,000 140,000 16,540 110,000 215,000 (70,000) 250,000 (70,000) $737,140 150,000 175,000 Equipment Accumulated depreciation-equipment Building Accumulated depreciation-building (42,000) 250,000 (50,000) $760,540 Total Liabilities and Stockholders' Equity $ 45,000 265,000 $ 58,000 235,000 Accounts payable Bonds payable Common stock, $1 par Retained earnings 280,000 250,000 164,140 200,540 $760,540 Total $737.140