An examination of the income statement and the accounting records revealed the following additional information applicable to 2010:

a. Net income, $184,150.

b. Depreciation expense reported on the income statement: buildings, $18,450; machinery and equipment, $8,100.

c. Patent amortization reported on the income statement, $5,000.

d. A building was constructed for $207,000.

e. A mortgage note for $80,000 was issued for cash.

f. 5,000 shares of common stock were issued at $28 in exchange for the bonds payable.

g. Cash dividends declared, $46,800.

Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.

Assets Cash Accounts receivable (het). Inventories. Prepaid expenses Land Buldings Accumulated depreciation-buildings . Machinery and equipment Accumulated depreciation-machinery \& equipment Patents Liabilities and Stockholders' Equity Accounts payable (merchandise creditors). Dividends payable. Salaries payable Mortgage note payable, due 2017 Bonds payable Common stock, \$1 par Paid-in capital in excess of par-common stock Retained earnings \begin{tabular}{rr} $299,100 & $331,100 \\ 11,700 & 9,000 \\ 28,200 & 31,100 \\ 80,000 & - \\ - & 140,000 \\ 23,000 & 18,000 \\ 180,000 & 45,000 \\ 896,500 & 759,150 \\ \hline$1,518,500 & $1,333,350 \\ \hline \hline \end{tabular}