Bingo Corporation had the following transactions during 2017: 1. Had net income of $120,000. 2. Land increased by $100,000. 3. Declared and paid a cash dividend of $140,000. 4. Sold a long-term investment (book value $18,000) for cash of $16,000. 5. Recorded amortization expense of $30,000 6. Issued $520,000 of par value common stock for cash. 7. Inventory increased by $320,000. 8. Equipment increased by $300,000. 9. Retired a bond for $120,000 10. Repaid a 6-year note payable in the amount of $440,000 Prepare a statement of cash flows using the indirect method