PROBLEM 5: The following information is available for Mealford Corporation for the year ended December 31, 2012: Collection of principal on long-term loan to a supplier $35,000 Acquisition of equipment for cash 10,000 Proceeds from the sale of long-term investment at book value 22,000 Issuance of common stock for cash 20,000 Depreciation expense 25,000 Redemption of bonds payable at carrying (book) value 34,000 Payment of cash dividends 14,000 Net income 30,000 Purchase of land by issuing bonds payable 40,000 In addition, the following information is available from the comparative balance sheet for Melford at the end of 2012 and 2011: 2012 2011 Cash $102,000 $34,000 Accounts receivable het) 25,000 15,000 Prepaid insurance 19,000 13,000 Total current assets $146.000 $62,000 Accounts payable Salaries payable Total current liabilities $ 30,000 6,000 $ 36,000 $19,000 7,000 $26.000 Instructions Prepare Mealford's statement of cash flows for the year ended December 31, 2012, using the indirect method