PROBLEM 4:

The following information is available for Colaw Corporation for the year ended December 31, 2012.

Beginning cash balance	$ 35,000
Accounts payable decrease	3,200
Depreciation expense	152,000
Accounts receivable increase	8,200
Inventory increase	13,000
Net income	269,100
Cash received for sale of land at book value	35,000
Sales	747,000
Cash dividends paid	12,000
Income tax payable increase	4,700
Cash used to purchase building	144,000
Cash used to purchase treasury stock	32,000
Cash received from issuing bonds	130,000

Instructions

Prepare a statement of cash flows using the indirect method.