Statement of Cash Flows (Indirect Method) Information for Newcastle Corporation Accounts payable decrease $13,000 Accounts receivable increase 18,200 Wages payable decrease 7,800 Amortization expense 41,600 Cash balance, January 1 78,000 Cash balance, December 31 18,200 Cash paid as dividends 15,600 Cash paid to purchase land 260,000 Cash paid to retire bonds payable at par 195,000 Cash received from issuance of common stock 117,000 Cash received from sale of equipment 31,200 Depreciation expense 101,400 Gain on sale of equipment 36,400 Inventory increase 33,800 Net income 249,600 Prepaid expenses increase 20,800 B