The following information is available for Collins Corporation for the year ended December 31, 2017:

Collection of principal on long-term loan to a supplier $35,000.

Acquisition of equipment for cash 10,000.

Proceeds from the sale of long-term investment at book value 22,000.

Issuance of common stock for cash 20,000.

Depreciation expense 25,000.

Redemption of bonds payable at carrying (book) value 34,000.

Payment of cash dividends 14,000.

Net income 30,000.

Purchase of land by issuing bonds payable 40,000.

In addition, the following information is available from the comparative balance sheet for Collins at the end of 2017 and 2016:

2017 2016

Cash $102,000 $34,000

Accounts receivable (net) 25,000 15,000

Prepaid insurance 19,000 13,000

Total current assets $146,000 $62,000

Accounts payable $ 30,000 $19,000

Salaries payable 6,000 7,000

Total current liabilities $ 36,000 $26,000

Instructions: Prepare Collins's statement of cash flows for the year ended December 31, 2017, using the indirect method.