prepare a statement of cash flows for 2014 using the indirect method

AS Lash Flows Exercise Syal Company Comparative Statements of Financial Position December 31 (in USD) Asset 2014 Land 73.000 Equipment 260,000 Accumulated depreciation equipment -66,000 Inventory 170,000 Accounts receivable 85,000 Cash 73,000 Total 595,000 Equity and Liabilities 2013 100,000 200.000 -34,000 187.000 71,000 33.000 557,000 Share capital-ordinary ($1 par) 216,000 Retained earnings 194.000 Bonds payable 174,000 136,000 200.000 47.000 557,000 150,000 35.000 595.000 Accounts payable Total Additional information: 1. Net income for 2014 was $103.000. 2. Depreciation expense was $32,000. 3. Cash dividends of $45.000 were declared and paid. 4. Bonds payable amounting to $50,000 were redeemed for cash 550.000 5. Ordinary shares were issued for $42.000 cash. 6. No equipment was sold during 2014, - Land was sold for its book value of 5-000 Instructions Prepare a statement of cash flows for 2014 using the indirect method