Statement of Cash Flows (Indirect Method) Use the following information about Lund Corporation for 2017 to prepare a statement of cash flows under the indirect method LO2, 3,4 E11-32. Accounts payable increase Accounts receivable increase. . $9,000 4,000 ....3,000 Cash balance, beginning of 2017... Cash balance, end of 2017 Cash paid as dividends .. Cash paid to purchase land 22,000 ..15,000 ....29,000 Cash paid to retire bonds payable at par.... 60,000 Cash received from issuance of common stock ....35,000 Depreciation expense. .. o29,000 Inventory decrease. Net income... Prepaid expenses increase ....13,000 .76,000 2,000