The following are comparative balance sheets for Blue Spruce Company. Additional information: 1. Net income for 2025 was $120,900. 2. Depreciation expense was $44,200. 3. Cash dividends of $50,700 were declared and paid. 4. Bonds payable with a carrying value of $65,000 were redeemed for $65,000 cash. 5. Common stock was issued at par for $54,600 cash. 6. No equipment was sold during 2025. 7. Land was sold for its book value. Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 45,000, or in parenthesis e.g. (45,000))