1. Prepare a Statement of Cash Flows in good form for 20X2 using the indirect method.

The Comparative Balance Sheets for Mindell Corporation are presented below.
	Mindell Corporation Comparative Balance Sheets December 31
					20X2	20X1
ASSETS
Cash					$58,000	$22,000
Accounts Receivable					85,000	76,000
Inventory					180,000	187,000
Equipment					250,000	200,000
Land					75,000	100,000
Building					115,000	75,000
Accumulated Depreciation-Equipment					(66,000)	(42,000)
	Total Assets				$697,000	$618,000
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts Payable					$34,000	$45,000
Motgage Note Payable					$115,000	$75,000
Bonds Payable					150,000	200,000
Common Stock ($1 par value)					214,000	164,000
Retained Earnings					184,000	134,000
	Total Liabilities and Stockholders' Equity				$697,000	$618,000
Additional Information:
1. Net income for 20X2 was $103,000.
2. Equipment of $50,000 was purchased for cash
in 20X2 and no equipment was sold in 20X2.
3. Cash dividends of $53,000 were declared
and paid in 20X2.
4. Bonds payable amounting to $50,000 were
paid (redeemed) for $50,000 cash in 20X2.
5. Common stock was issued in 20X2 for $50,000 cash.
6. Land was sold for cash in 20X2 at its original cost of $25,000.
7. A building was acquired in 20X2 for $40,000 by issuing a Mortgage Note Payable.