Presented on the shown below are the comparative balance sheets for Nunez Company at December 31.

Additional information:
1. Operating expenses include depreciation expense $65,000 and charges from prepaid expenses of $4,400.
2. Land was sold for cash at cost.
3. Cash dividends of $59,290 were paid.
4. Net income for 2010 was $32,890.
5. Equipment was purchased for $70,000 cash. In addition, equipment costing $40,000 with a book value of $23,000 was sold for $25,000 cash.
6. Bonds were converted at face value by issuing 30,000 shares of $1 par value common stock.
Instructions
Prepare a statement of cash flows for 2010 using the indirectmethod.

NUNEZ COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts reccivable Inventory Prepaid expenses Land Equipment Accumulated depreciation-equipment Building Accumulated depreciation-building Total 2009 S 57,000 64,000 140,000 16,540 150,000 175,000 (42,000) 250,000 (50,000) $760,540 2010 41,000 77,000 192,000 12,140 100,000 205,000 (70,000) 250,000 70,000) $737.140 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock, $1 par Retained carnings Total $48,000 235,000 280,000 174,140 $737,140 S 45,000 265,000 250,000 200,540 $760,540