Cash Flow Statement Using Indirect Method Follow the balance sheet that given and the additional Information

Q6 - (17 points) Additional Information for 2016: 1. The company declared and paid a $29,000 cash dividend. 2. A building costing $120,000 was purchased for cash. Equipment costing $25,000 was purchased for cash. 3. The company sold equipment for $4,000 cash. The equipment cost $8,000 originally with a book value of $7,000 at the time of sale. 4. Issued Common Stock for $20,000 cash Instructions: Prepare the Cash Flow Statement using the Indirect Method