The following information for Rocky Company is available at December 31, 2015, and for the year then ending:

Income Statement:
Sales revenue	$ 1,000,000
Cost of goods sold	560,000
Depreciation expense	20,000
Patent amortization	3,000
Salaries and wages expense	190,000
Interest expense	16,000
Other expenses	8,000
Gain on retirement of bonds	12,000
Loss on sale of operational assets	4,000
Income before income taxes	$ 211,000
Income tax expense	90,000
Net income	$ 121,000
	December 31,	December 31,
	2015	2014
Balance Sheet:
Cash	$ 100,000	$ 90,000
Accounts receivable	220,000	148,000
Allowance for doubtful accounts	(10,000)	(8,000)
Inventory	260,000	220,000
Plant and equipment	905,000	833,000
Accumulated depreciation	(90,000)	(100,000)
Patents	30,000	33,000
Total	$ 1,415,000	$ 1,216,000
Accounts payable	$ 260,000	$ 200,000
Salaries and wages payable	200,000	210,000
Income tax payable	140,000	100,000
Bonds payable, due Dec. 15, 2016	130,000	180,000
Common stock, nopar	250,000	210,000
Additional paid-in capital	233,000	170,000
Retained earnings	202,000	146,000
Total	$ 1,415,000	$ 1,216,000

The following information is available for specific accounts and transactions:

1. On February 2, 2015, Rocky issued a 10 percent stock dividend to shareholders of record on January 15, 2015. Market price per share of the common stock on February 2, 2015, was $15.

2. On March 1, 2015, Rocky issued 3,800 shares of common stock for land. The common stock had a current market value of approximately $40,000 on March 1, 2015.

3. On April 15, 2015, Rocky repurchased its long-term bonds payable with a face value of $50,000 for cash.

4. On June 30, 2015, Rocky sold for $19,000 cash equipment having a book value of $23,000 and an original cost of $53,000.

5. On September 30, 2015, Rocky declared and paid a 4-cent per share cash dividend to shareholders of record on August 1, 2015.

Prepare a statement of cash flows in good form for Rocky Company for the year ending December 31, 2015, using the indirect method.

Show work and write the journal entries that would have been written for each numbered piece of information and how this would affect the SCF.