Delatorre Company, a retailer, recently finished its 2021 operations. Prepare the cash flow statement using the indirect method only.

1. Net income was $114,975

2. Accounts receivable increased $15,375

3. Inventory increased $21,250

4. Prepaid expenses decreased $875

5. Acquisition of a building by issuing common stock $125,000

6. Accounts payable decreased $28,500

7. Depreciation expense was $18,750

8. Sold equipment for $11,625 cash and there was a loss for this of $5,125.

9. Purchased equipment for $30,000 cash.

10. Borrowed $4,000 cash by signing a note payable.

11. Paid $50,125 to redeem a bond payable.

12. Purchased equipment by signing a note payable $55,000

13. Issued 2,500 shares of stock for $20 cash.

14. Paid a cash dividend for $50,100.

15. Beginning cash was 76,625

16. Ending Cash is $53,385