Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method:

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Accounts payable increase.. Accounts receivable increase. Accrued liabilities decrease Amortization expense... Cash balance, January 1 ... 14,000 7,000 5,000 31,000 21,000 Cash balance, December 31 141,000 Cash paid as dividends 41,000 Cash paid to purchase land.. 81,000 Cash paid to retire bonds payable at par.. 70,000 Cash received from issuance of common stock. 75,000 Cash received from sale of equipment.. 17,000 Depreciation expense....... 65,000 Gain on sale of equipment. 12,000 Inventory decrease..... Net income.. Prepaid expenses increase. 11,000 126,000 3,000