Planner Corporation's comparative balance sheets are presented below. PLANNER CORPORATION Comparative Balance Sheets December 31 2012 2011 Cash $ 21,570 $ 10,700 Accounts receivable 18,200 23,400 Land 18,000 26,000 Building 70,000 70,000 Accumulated depreciation (15,000) (10,000) Total $112,770 $120,100 Accounts payable $ 12,370 $31,100 Common stock 75,000 69,000 Retained earnings 25.400 20,000 Total $112,770 $120,100 Additional information: 1. Net income was $27.900. Dividends declared and paid were $22,500. Assume that the dividends paid are classified as financing cash flow. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation (Hint: You will have to calculate depreciation expense). 3. The company sold land with a book value of $8,000 for $5,900 cash. $ Required: Prepare a statement of cash flows for 2012 using the indirect method