Brooklyn Corporation is preparing its statement of cash flows for the past year. The company has gathered the following information about the past year just ended on ­December 31.

Requirement Prepare a statement of cash flows for the past year using the indirectmethod.

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Retire bond payable (long-term).$15,000 Decrease in accounts receivable $10,000 Paid dividends in cash.. Dacrease in inventory.. Decrease in accounts payable.. Sold land (investment) Increase in interest payablo400 Increase in taxes payable2,000 Cash balance, beginning of year Net income.... $29,000 Increase in salaries payable $6,000 Depreciation expense. $ 5,000 Increase in prepaid insurance... $18,000 Decrease in other short-term liabilities3,000 7,000 $11,000 600 $92,000 Purchase of new computer system 85,000