Suppose, at December 31, 2014, Kerr Consulting Corporation has the following comparative balance sheet.

Additional information: Kerr Consulting Corporation declared and paid $10,000 in dividends during 2014. Net income for the year ended December 31, 2014, was $38,910.
Required
Using this information, prepare the cash flow statement for Kerr Consulting Corporation using the indirect method for operating activities.

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KERR CONSULTING CORPORATION Balance Sheet December 31, 2014 and 2013 2014 2013 Current assets $ 5,000 2,200 Cash $8,100 1,700 300 2,000 3,600 Accounts receivable Supplies Equipment Furniture Building Less: accumulated amortization Land Total assets 420 10,000 3,600 55,000 (2,753) 20,000 $93,467 (93) $15,607 Current liabilities $ 350 2,500 Accounts payable Salary payable Long-term liabilities Notes payable Shareholders' equity Common shares Retained earnings $3,900 40,000 20,000 30,617 $93,467 10,000 1,707 $15,607 Total liabilities and shareholders' equity