From the following information for the Carter Corporation, prepare a statement of cash flows for the year ended December 31, 2002, using the indirect method.

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Amortization of patent. Depreciation expense. Issuance of common stock. Issuance of new bonds payable... Net income.. Payment of dividends Purchase of equipment Retirement of long-term debt. Sale of land (includes $6,000 gain). Decrease in accounts receivable... Increase in inventory. Increase in accounts payable... Increase in cash Cash balance, January 1, 2002. $ 4,000 7,000 25,000 30,000 55,000 22,500 33,200 40,000 35,000 2,100 1,200 1,500 56,700 82,800