Johnson Software Corp. has assembled the following data for the years ending December 31, 2016 and 2015:

Requirement
1. Prepare Johnson Software Corp.'s statement of cash flows using the indirect method to report operating activities. Include an accompanying schedule of noncash investing and financing activities.

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A1 December 31, 2016 2 3 Current Accounts: 4 Current assets: 5 Cash and cash equivalents 6 Accounts receivable 7Inventories 2015 67,00030,000 64,100 81,000 1700 21,000 8,800 3,100 Prepaid expenses 9 Current liabilities 10 Accounts payable 11 Income tax payable 12 Accrued liabilities 13 $9,100$55,600 16,600 27 400 18,700 15,500 Transaction Data for 2016: Acquisition of land by issuing Purchase of treasury stock$10,700 long-term note payable. $197,000 Gain on sale of equipment3,500 Stock dividend. 40,100 Payment of cash dividends n of loan.10,100 Issuance of long-term note .... 18,100 payable to borrow cas... 34,700 Depreciation expense Purchase of building 5,700 37,000 53,000 Net income.... Issuance of common stock with cash... 109,000 Retirement of bonds payable for cash. by issuing common stock.... 64,000 Proceeds from sale of Purchase of long-term equipment Amortization expense... 4,400