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The following information was obtained from analysis of selected accounts of Orlando Company for the year ended December 31, 2008. Increase in long-term debt $

The following information was obtained from analysis of selected accounts of Orlando Company for the year ended December 31, 2008.

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, 2008 120,000

Instructions: From the information given, prepare a statement of cash flows using the indirect method.

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