L02, 3, 4 E11-32. Statement of Cash Flows (Indirect Method) Use the following information about Lund Corporation for 2017 to prepare a statement of cash flows under the indirect method. $9,000 4,000 Accounts receivable increase. Cash balance, end of 2017 15,000 Cash paid to purchase land .. . . . . . ..90,000 Cash paid to retire bonds payable at par..... 60,000 Cash received from issuance of common stock 35,000 Cash received from sale of equipment......... 17,000 Gain on sale of equipment. Inventory decrease. .. 4,000 Prepaid expenses increase . 2,000