Messina Corporation is preparing its statement of cash flows for the past year. The company has gathered the following information about the past year just ended on December 31. (Click the icon to view the data.) Requirement Prepare a statement of cash flows for the past year using the indirect method. Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted or for a net cash outflow.) Messina Corporation Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities: Adjustments to reconcile net income to cash basis Net cash provided by (used for) operating activities Data table Retire bond payable (long-term). Paid dividends in cash Decrease in inventory... $ 15,000 Decrease in accounts receivable S 4,000 $ 32,000 Increase in salaries payable.. $ 7,000 $ 9,000 Depreciation expense... $ 14,000 Decrease in accounts payable $ 12,000 Increase in prepaid insurance S 600 Sold land (investment) $ 23,000 Decrease in other short-term liabilities.. S 5,000 Increase in interest payable Cash balance, beginning of year Net income. $ 900 Increase in taxes payable 3,000 $ 87,000 Purchase of new computer system with cash $ 13,000 $ 85,000 Print Done