Balance sheets for Brierwold Corporation follow:

Brierwold Corporation

Balance Sheet

1		Beginning Balances	Ending Balances
2	Assets:
3	Cash	$100,000.00	$150,000.00
4	Accounts receivable	200,000.00	180,000.00
5	Inventory	400,000.00	410,000.00
6	Plant and equipment	700,000.00	690,000.00
7	Accumulated depreciation	(200,000.00)	(245,000.00)
8	Land	100,000.00	150,000.00
9	Total assets	$1,300,000.00	$1,335,000.00
10	Liabilities and equity:
11	Accounts payable	$300,000.00	$250,000.00
12	Mortgage payable	0.00	110,000.00
13	Preferred stock	100,000.00	0.00
14	Common stock	240,000.00	280,000.00
15	Paid-in capital in excess of par	360,000.00	420,000.00
16	Retained earnings	300,000.00	275,000.00
17	Total liabilities and stockholders equity	$1,300,000.00	$1,335,000.00

Additional transactions were as follows:

A.	Purchased equipment costing $50,000.
B.	Sold equipment costing $60,000, with a book value of $25,000, for $40,000.
C.	Retired preferred stock at a cost of $110,000. (The premium is debited to Retained Earnings.)
D.	Issued 10,000 shares of common stock (par value, $4) for $10 per share.
E.	Reported a loss of $15,000 for the year.
F.	Purchased land for $50,000.

	Required:
	Prepare a statement of cash flows using the indirect method.