The following information was obtained from analysis fo selected accounts of Orlando Company for the year ended December 31, 2015.

Increase in long-term debt..........................................................$57,000

Purchase of treasury stock..........................................................$52,000

Depreciation and amortization.....................................................$197,000

Gain on sale of equipment (included in net income)...................$6,000

Proceeds from issuance of common stock...................................$184,000

Purchase of equipment.................................................................$434,000

Proceeds from sale of equipment.................................................$20,000

Payment of dividends....................................................................$49,000

Net Income....................................................................................$375,000

Increase (decrease) in working capital accounts

Cash..........................................................................................$45,000

Accounts Receivable................................................................$229,000

Inventories................................................................................$275,000

Trade notes payable.................................................................$167,000

Accounts payable....................................................................$124,000

Income taxes payable..............................................................$(34,000)

Cash balance, January 1, 2015...............................................$120,000

From the information given, Prepare a staement of cash flows using the indirect method.