3. For the year ended December 31, 1989 the Allentown Company reported increases in Accounts Receivable and Inventories in the amounts of S1,200 and 51,700 respectively. Increases were also reported in Salaries Payable ($2,000) and Accounts Payable (53,500). Included in the determination of the 55,600 net income figure was the Depreciation Expense ($1,800) and a Loss on the sale of Land ($1,400). During the year Allentown received 519,000 from the sale of land, paid $13,500 for equipment and $1,000 for dividends, and issued common stock receiving S16,000. The beginning cash balance was $2,700. Prepare a statement of cash flows using the indirect approach