want to make sure im doing this right

Based on the following income statement, comparative balance sheets, and additional information for Ruffin Corporation, prepare the statement of cash flows using the indirect method. Ruffin Corporation Income Statement For Year Ended December 31, 2019 $ 454,000 297,000 157,000 35.000 95 500 130.500 Sales Less: Cost of Goods Sold Gross Margin Depreciation Expense $ Other Operating Expenses Other Gains and Losses Less: Loss on Sale of Land Add: Gain on Sale of Equipment Add: Gain on Sale of long term Investments $ Income Before Taxes Income Tax Expense Net Income 15.000) 15,000 5.500 15.500 42,000 6,300 35,700 $ Ruffin Corporation Balance Sheet December 31, 2019 and 2018 2019 2018 11,200 25,000 Assets Cash Accounts Receivable Inventory Long-term Investments Land Equipment Vehicles Accumulated Depreciation Total Assets 63,805 S 90.000 5,000 25,000 50.000 100,000 70.000 (65.000) 338,805 $ 41,500 100.000 210,000 10.000 (80,000) 317,700 $ $ 2019 18,500 $ 1,005 50,000 69,505 2018 15.000 1.100 60,000 76,100 Liabilities Accounts Payable Income Taxes Payable Bonds Payable Total Liabilities Equity Common Stock Paid in Capital in Excess of Par Retained Earnings Total Liabilities and Equity 112,000 10,000 147,300 338.805 $ 106,000 10,000 125,600 317,700 $ Additional Information Sold common stock for $6,000 cash at par. Paid cash dividends of $14,000 Paid $60,000 cash for a new truck. Sold land costing $50,000 for $45,000 cash realizing a $5,000 loss. Long term investments were sold for $22,000 cash realizing a gain of $5,500. Equipment with a book value of $60,000 and an original cost of $110,000 was sold at a gain of $15,000. Paid $10,000 on Bonds Payable