The following information is available for Stamos Corporation for the year ended December 31, 2020.
Beginning cash balance .....................................$ 45,000
Accounts payable decrease ...................................3,700
Depreciation expense ........................................162,000
Accounts receivable increase ................................8,200
Inventory increase ................................................11,000
Net income ..........................................................284,100
Cash received for sale of land at book value .....35,000
Cash dividends paid ..............................................12,000
Income taxes payable increase .............................4,700
Cash used to purchase building .......................289,000
Cash used to purchase treasury stock ..............26,000
Cash received from issuing bonds ..................200,000

Instructions
Prepare a statement of cash flows using the indirect method.