Prepare a indirect cash flow statement

Additional Information
Sold available for sale securities (not cash equivalents costing $87,750 for $90,000
Equipment costing $18,750 with a book value of $3750 was sold for $4500
Issued 8% bonds payable at par, $375,000
Purchased new equipment for cash $310,125
Paid cash dividends of $22,500
Net income for 2008 = $45,000
Proceeds for notes payable were used for operatingpurposes.

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December-07 2008 2007 87,375 17,250 90.000 187,500 1.125 Land, Buil dings and equipment 1,378,875 (556,750) 1,205,375 153,375 18,750 37,500 375,000 600.000 18.750 1,203,375 63,750 105,000 86,250 163,500 1,500 1,087,500 (498,750) 1,008.750 236.250 26,250 150,000 Cash Available for sale securities Accounts Receivable Merchandi se Inventory Prepaid Insurance Accumulated depreciati on Accounts Payable Salaries Payable Notes payable bank-current Bonds Payable Common Stock Retained earnings 600.000 3.750 1,008,750