2. The following information is available for the Roots Heritage Corp. for the year ended Dec. 31, 2015:

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

Purchase of equipment for cash 10,000

Proceeds from sale of long-term investment at book value .. 27,000

Issuance of common stock for cash .. 20,000

Depreciation expense for the year 25,000

Redemption of bonds at carrying value . 24,000

Payment of cash dividends 9,000

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 2015 & 2014:

2015 2014

Cash . $102,000 $ 14,000

Accounts receivable (net) 20,000 15,000

Prepaid insurance 17,000 13,000

Total current assets . $139,000 $ 42,000

Accounts payable $ 25,000 $ 19,000

Salaries payable .. 4,000 7,000

Total current liabilities $ 29,000 $ 26,000

Required: Prepare a statement of cash flows using the indirect method