Primrose Software Corp. has assembled the following data for the year ended December 31, 20X7.

Required
Prepare Primrose 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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December 31 2 20X6 Current Accounts: Current assets: Cash and cash equivalents$38,700 $22,700 Accounts receivable..69,700 64,200 Inventories Prepaid expenses 88,600 83,000 5,300 4,100 Accounts payable Income tax payable....18,600 16,700 Accrued liabilities15,500 27,200 $57,200 $55,800 Transaction Data for 20X7: easury stock.. $14,300 11,700 18,300 Acquisition of land by issuing Purchase of tr Loss on sale of equipment Payment of cash dividends term note payable$95,000 Collection of loan.8,700 Issuance of long-term note 34,400 45,100 payable to borrow cash... epreciation expense... Purchase of building. Retirement of bonds payable Issuance of common stock issuing common stock.65,000 for cash 41,200 Purchase of long-term Procedes from sale of investment 31,600 equipment. Amortization expense 5,300