22. The Sage Corporation prepared, for 2012 and 2011, the following balance sheet data:

	December 31
	2012	2011
Cash ....................................	$ 87,375	$ 63,750
Available-for-sale securities (not cash equivalents) ..........................	17,250	105,000
Accounts receivable .....................	90,000	86,250
Merchandise inventory ...................	187,500	163,500
Prepaid insurance .......................	1,125	1,500
Land, buildings, and equipment ..........	1,378,875	1,087,500
Accumulated depreciation ................	(558,750)	(498,750)
Total .................................	$1,203,375	$1,008,750
Accounts payable ........................	$ 153,375	$ 236,250
Salaries payable ........................	18,750	26,250
Notes payable--bank (current) ...........	37,500	150,000
Bonds payable ...........................	375,000	0
Common stock ............................	600,000	600,000
Retained earnings (deficit) .............	18,750	(3,750)
Total .................................	$1,203,375	$1,008,750

Additional information:

(a)	Sold available-for-sale securities (not cash equivalents) costing $87,750 for $90,000.
(b)	Equipment costing $18,750 with a book value of $3,750 was sold for $4,500. This means that the Accum. Depr was $15,000 so the depreciation expense for the year was $75,000.
(c)	Issued 8% bonds payable at par, $375,000.
(d)	Purchased new equipment for cash, $310,125.
(e)	Paid cash dividends of $22,500 during the year.
(f)	Net income for 2012 was $45,000.
(g)	Proceeds from the notes payable were used for operating purposes.

Prepare a cash flow statement for Sage Corporation for 2012, using the indirect method.