The comparative balance sheet of Sumter Enterprises, Inc., at December 31, 19X5, reported the following:

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Prepare the statement of cash flows of Sumter Enterprises for the year ended December 31, 19X5. Use the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. All current account balances result from operating transactions.

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December 31, 19X5 19X4 Current assets: Cash and cash equivalents. Accounts receivable Inventories. $10,600 $12,500 28,600 29,300 51,600 53,000 Prepaid expenses. 4,200 3,700 Current liabilities: Notes payable (for inventory purchases).. $ 9,200 $ -0- Accounts payable. 21,900 28,000 Accrued liabilities.... Income tax payable Sumter's transactions during 19X5 included the following: 14,300 16,800 11,000 14,300 Amortization expense. $ 5,000 Cash acquisition of building........... $124,000 Payment of cash dividends. 17,000 Net income. 31,600 Cash acquisition of equipment... 55,000 Issuance of common stock Issuance of long-term note payable to borrow cash. Retirement of bonds payable for cash. 105,600 32,000 Stock dividend. 13,000 Sale of long-term investment.... 6,000 by issuing common stock........... 55,000 Depreciation expense 15,000