Here are comparative balance sheets for Syal Company.     

Here are comparative balance sheets for Syal Company.

                

Additional information:
  1. Net income for 2012 was $103,000.
  2. Cash dividends of $45,000 were declared and paid.
  3. Bonds payable amounting to $50,000 were redeemed for cash $50,000.
  4. Common stock was issued for $42,000 cash.
  5. No equipment was sold during 2012, but land was sold at cost.
Instructions
Prepare a statement of cash flows for 2012 using the indirect method.