The statement of financial position of House Construction Co. for June 30, 2015 and 2014, is as follows:

The following additional information was taken from the records of House Construction Co.:
a. Equipment and land were acquired for cash.
b. There were no disposals of equipment during the year.
c. The investments were sold for $54,000 cash.
d. The common shares were issued for cash.
e. There was a $79,200 credit to Retained Earnings for net income.
f. There was a $60,000 debit to Retained Earnings for cash dividends declared.
Instructions
Prepare a statement of cash flows using the indirect method of presenting cash flows from operating activities. The use of the spreadsheet is optional.