Exercise 12-5 The following information is available for Blossom Company for the year ended December 31, 2017.

Beginning cash balance $ 47,610

Accounts payable decrease 3,915

Depreciation expense 171,396

Accounts receivable increase 8,676

Inventory increase 11,638

Net income 300,578

Cash received for sale of land at book value 37,030

Cash dividends paid 12,696

Income taxes payable increase 4,973

Cash used to purchase building 305,762

Cash used to purchase treasury stock 27,508

Cash received from issuing bonds 211,600

Prepare a statement of cash flows using the indirect method.