Accountants for Smithson, Inc., have assembled the following data for the year ended December 31, 2011:

Prepare Smithsons Statement of Cash Flows using the indirect method. Include an accompanying schedule of noncash investing and financing activities.

December 31 2011 2010 Current Accounts: Current assets: Cash and cash equivalents . . .. $105,600 26,000 69,300 83,000 Current liabilities Accounts payable ...57,800 56,000 16,700 Transaction Data for 2011: Issuance of common stock for cash.... . Payment of note payable .. . Payment of cash dividends Issuance of note payable $45,100 51,000 . .. .. $ 37,000 18,000 Depreciation expense . . . . . . . . Acquisition of land by issuing Cost basis of building sold 56,000