Prepare statement of cash flows-indirect method (Learning Objective 3) 20-25 min. The income statement and additional data of Rayborn Services, Inc.. follow: Additional data follows: Acquisition of plant assets totaled $116,000. Of this amount, $101,000 was paid in cash and a $15,000 note payable was signed for the remainder. Proceeds from the sale of land totaled $22,000. No gain was recognized on the sale. Proceeds from issuance of common stock total $34,000. Payment of long-term note payable was $15,000. Payment of dividends was $14,000. Data from the comparative balance sheet follow: Prepare statement of cash flows-indirect method (Learning Objective 3) 20-25 min. The income statement and additional data of Rayborn Services, Inc.. follow: Additional data follows: Acquisition of plant assets totaled $116,000. Of this amount, $101,000 was paid in cash and a $15,000 note payable was signed for the remainder. Proceeds from the sale of land totaled $22,000. No gain was recognized on the sale. Proceeds from issuance of common stock total $34,000. Payment of long-term note payable was $15,000. Payment of dividends was $14,000. Data from the comparative balance sheet follow