Refer to the information for Blalock Company given below:
Information for Blalock Company
The following balance sheets were taken from the records of Blalock Company:

Required:
Prepare a statement of cash flows using the indirect method.

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At the Years Ended Decem ber 31 2011 2012 Assets Cash Accounts receivable Investments Plant and equipment Accumulated depreciation Land $150,000 70,000 $185,000 80,000 30,000 105,000 100,000 (30,000] 20,000 10,000 30,000 Total assets iabilities and equity Accounts payable Bonds payable Mortgage payable $ 40,000 60,00) $ 50,000 o,oo 160,000 20,000 100,000 90,000 10,000 Common stock Retained earnings a, Total liabilities and equity