Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund's operating-cash-flow-to-current-liabilities ratio. Accounts payable increase $11,700 Accounts receivable increase 5,200 Accrued liabilities decrease 3,900 Amortization expense 7,800 Cash balance, January 1 28,600 19,500 Cash balance, December 31 Cash paid as dividends 37,700 Cash paid to purchase land 117,000 Cash paid to retire bonds payable at par 78,000 Cash received from issuance of common stock 45,500 22,100 Cash received from sale of equipment Depreciation expense 37,700 Gain on sale of equipment 5,200 16,900 Inventory decrease Net income 98,800 Prepaid expenses increase 2,600 Average current liabilities 30,000