Using the form provided below, prepare a statement of cash flow using the indirect method.

Comparative Balance Sheet December 31 20x2 20x1 Cash Accounts receivable, net Inventory Land Building Accumulated depreciation-building Equipment Accumulated depreciation-equipment $ 54,000 53,000 161,000 180,000 300,000 m75,000) 1,565,000 (177,000 $2.061.000 $ 36,000 57,000 123,000 285,000 300,000 (60,000) 900,000 (141,000 $1,500,000 Accounts payable Bonds payable Capital stock, $10 par Retained earnings $ 202,000 450,000 1,250,000 159,000 $2.061,000 $ 150,000 -0- 1,250,000 100,000 $1.500.000 Additional Data: 1. 2. Net income for the year. $109,000. Depreciation expense for the year. $141,000 Cash dividends paid during the year $50,000. Sharp sold Land for $120,000, including a $15,000 gain. 2. 3. 4. Sharp sold equipment for $115,00, including a $20,000 loss. 5. Sharp purchased equipment for $890,000