Barton Company uses the indirect method of preparing the Statement of Cash Flows and reports the following comparative balance sheet information. As customary, the most recent data is in the first column.

Barton Company uses the indirect method of preparing the Statement of Cash Flows and reports the following comparative balance sheet information. As customary, the most recent data is in the first column. Balance Sheets 12-31-2012 12-31-2011 Cash $ 70,000 $ 80,000 Inventory 135,000 155,000 Equipment 255,000 205,000 Accumulated depreciation (40,000) (25,000) $ 420,000 $ 415,000 Accounts payable $ 87,000 $ 110,000 Bonds payable (serial) 73,000 80,000 Common stock 120,000 110,000 Retained earnings 140,000 115,000 $ 420,000 $ 415,000 Additional Information: Net income for 2012 was $30,000. No equipment was disposed of during 2012. Required: Prepare a Cash Flow Statement using the indirect method