show the steps.

Problem - 1 The following Comparative Balance Sheets for Scully Corporation: 2010 2009 Items Assets Cash Accounts receivable Land Building Accumulated Depreciation Total S 14.300 21.200 20,000 70,000 (15.00) SI10.500 S 10,700 23,400 26,000 70,000 (10,000) SI20.100 Liabilities and Stockholder's equity Accounts Payable Common stock (S I par) Retained Earning Total $ 12.370 75,000 23.130 ST10.500 S 31.100 69,000 20,000 $120.100 Additional Information: 1. Net income for 2010 was $22,630. 2. Cash dividends of S19,500 were declared and paid 3. All other changes in noncurrent account balance had a direct effect on cash flows. except the changes in accumulated depreciations. The land was sold For $4.900. Required: Prepare Cash flow statements using indirect method