The following informations is available for the preparation of Sharp company's statement of cash flow:

Comparaative balance sheet:- December 31

	2015	2014
Cash	54000	36000
Accounts receivables, net	53000	57000
Inventory	161000	123000
Land	180000	285000
Building	300000	300000
Accum.Dep.- building	(75000)	(60000)
Equipment	1,565,000	900,000
Accum. Dep. Equipment	(177000)	(141000)
Total Assets	2,061,000	1,500,000

Accounts Payable	202000	150000
Bonds payable	450000	0
Capital stock, $10 par	1,250,000	1,250,000
Retained earnings	159000	100000
	2,061,000	1,500,000

Additional data:-

1. Net income for the year amounted to $109,000

2. cash dividends were paid amounting to 4% of par value

3. Land was sold for $120,000

4. Sharp sold equipment, which cost $225,000 and had accumulated depreciation of $90,000 for $115,000

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