Here are comparative balance sheets for Syal Company.

SYAL COMPANY Comparative Balance Sheets December 31
Assets		2012			2011
Cash		$72,600			$22,270
Accounts receivable		85,590			76,280
Inventory		169,910			189,000
Land		75,730			101,590
Equipment		259,630			199,840
Accumulated depreciation%u2014equipment		(66,330	)		(31,530	)
Total		$597,130			$557,450
Liabilities and Stockholders%u2019 Equity
Accounts payable		$39,360			$47,480
Bonds payable		150,770			203,850
Common stock ($1 par)		217,390			172,210
Retained earnings		189,610			133,910
Total		$597,130			$557,450

Additional information:

1.		Net income for 2012 was $103,740.
2.		Cash dividends of $48,040 were declared and paid.
3.		Bonds payable amounting to $53,080 were redeemed for cash $53,080.
4.		Common stock was issued for $45,180 cash.
5.		No equipment was sold during 2012, but land was sold at cost.

Prepare a statement of cash flows for 2012 using the indirect method