Label Corporation's recent comparative balance sheets and income statement, along with additional information follow.

Balance Sheets, December 31	Prior Year	Current Year
Assets
Cash and cash equivalents	$135,000	$279,000
Accounts receivable	270,000	256,500
Allowance for doubtful accounts	(13,500)	(18,000)
Inventory	90,000	135,000
Prepaid insurance	21,600	12,600
Fixed assets	720,000	729,000
Accumulated depreciation	(180,000)	(144,000)
Land	360,900	729,900
Total assets	$1,404,000	$1,980,000
Liabilities and Stockholders' Equity
Accounts payable	$90,000	$99,000
Salaries payable	18,000	9,000
Interest payable	?	9,000
Notes payable, long-term	180,000	414,000
Common stock, no-par	900,000	1,224,000
Retained earnings	216,000	225,000
Total liabilities and stockholders' equity	$1,404,000	$1,980,000

Income Statement, For Year	Current
ended December	Year
Sales revenue	$720,000
Cost of goods sold	(315,000)
Depreciation expense	(45,000)
Bad debt expense	(9,000)
Insurance expense	(9,000)
Interest expense	(18,000)
Salaries expense	(108,000)
Income tax expense	(27,000)
Other expenses, including loss
on sale of fixed assets	(135,000)
Net income	$54,000

Additional information 1. Wrote o? $4,500 accounts receivable as uncollectible. 2. Sold a ?xed asset for $36,000 cash (cost, $135,000; accumulated depreciation, $81,000). 3. Issued common stock for $45,000 cash. 4. Declared and paid a cash dividend, $45,000. 5. Purchased land, $180,000 cash. 6. Acquired land for $189,000 and issued common stock as payment in full. 7. Acquired ?xed assets, cost $144,000; issued a $144,000, three-year, interest-bearing note payable. 8. Paid a $90,000 long-term note installment by issuing common stock to the creditor. 9. Borrowed cash on long-term note, $180,000.

Required

Create a statement of cash flows using the indirect method to report cash flows from operating activities, investing activities, and financing activities ?Note: Include a negative sign (-) for any amount that would be subtracted in the statement of cash flows.

Cash flows from operating activities Adjustments: Cash flows from investing activities Cash flows from financing activities LA $