The following is a comparison report on the financial position of the Scarf Company.
Additional information:1. Net income for 2014 is $ 103,000.
2. Depreciation expense is $ 32,000.
3. A cash dividend of $ 45,000 is declared and paid.
4. The $ 50,000 bond payable has been redeemed for $ 50,000 in cash.
5. Common stock was issued for $ 42,000 in cash.
6. No equipment was sold during 2014.
7. The land sold for a book value of $ 27,000.
Instruction:
Prepare a 2014 cash flow statement using the indirect method.

Syal Company Comparative Statements of Financial Position December 31 Assets 2014 2013 Land $ 73,000 $100,000 Equipment Accumulated depreciation-equipment Inventory Accounts receivable 260,000 200,000 (66,000) 170,000 85,000 73,000 (34,000) 187,000 71,000 33,000 Cash $557,000 Total $595,000 Equity and Liabilities $216,000 Share capital-ordinary ($1 par) Retained earnings Bonds payable Accounts payable $174,000 194,000 136,000 150,000 35,000 200,000 47,000 Total $595,000 $557,000