Cash flows

The following information is available for Mehring Corporation for the year ended December 31, 2012: Collection of principal on long-term loan to a supplier $35,000 Acquisition of equipment for cash 10,000 Proceeds from the sale of long-term investment at book value 22,000 Issuance of common stock for cash 20,000 Depreciation expense 25,000 Redemption of bonds payable at carrying (book) value 34,000 Payment of cash dividends 14,000 Net income 30,000 Purchase of land by issuing bonds payable 40,000 addition, the following information is available from the comparative balance sheet for at the end of 2012 and 2011: Prepare Mehring's statement of cash flows for the year ended December 31, 2012, using the indirect method