Here are comparative balance sheets forAlpha Company.

ALPHACOMPANY

Comparative Balance Sheets

December 31

Assets

2014

2013

Cash

$72,710

$22,001

Accounts receivable

85,652

76,161

Inventories

169,800

188,601

Land

75,070

100,300

Equipment

259,540

200,580

Accumulated depreciation

(65,861)

(32,198)

Total

$596,911

$555,445

Liabilities and Stockholders' Equity

Accounts payable

$39,209

$46,636

Bonds payable

151,530

203,230

Common stock ($1 par)

214,140

175,750

Retained earnings

192,032

129,829

Total

$596,911

$555,445

Additional information:

1. Net income for 2014 was $101,690, depreciation was $33,663.
2. Cash dividends of $39,487 were declared and paid.
3. Bonds payable amounting to $51,700 were redeemed for cash $51,700.
4. Common stock was issued for $38,390 cash.
5. Land was sold for $25,230 cash, there was no loss.
6. Equipment was purchased for $58,960 cash.

Instructions

statement of cash flows for 2014 using the indirect method.