Kidman Corp. reported the following financial statements.

Balance Sheet, December 31	Prior Year	Current Year	Difference
Cash and cash equivalents	$12,000	$31,000	$19,000
Accounts receivable	9,500	7,500	(2,000)
Merchandise inventory	15,500	29,500	14,000
Land	10,000	2,000	(8,000)
Equipment	24,000	36,000	12,000
Accumulated depreciation	(6,000)	(12,000)	(6,000)
Total assets	$65,000	$94,000	$29,000
Accounts payable	$8,000	$9,000	$1,000
Notes payable, long-term	3,500	1,000	(2,500)
Bonds payable	-	15,000	15,000
Common stock (no-par)	40,000	46,000	6,000
Retained earnings	13,500	23,000	9,500
Total liabilities and stockholders' equity	$65,000	$94,000	$29,000

Income Statement
For the Current Year Ended December 31
Revenues	$76,000
Cost of goods sold	41,000
Depreciation	6,000
Other expenses	7,000
Loss on sale of land	5,000
Net income	$17,000

Prepare the statement of cash flows for the current year ended December 31, using the indirect method to present cash flows from operating activities.