The following information is available for Oscar Corporation for the year ended December 31, 2012.

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

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Beginning cash balance Accounts payable decrease $ 45,000 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 Cash received from issuing bonds 26,000 200,000