The June 2016 and 2017 comparative Balance Sheets for XYZ Corporation is shown below:

Current assets: June 30, 2017 June 30, 2016

Cash $28,300 $8,700

Accounts Receivable $60,000 $33,200

Inventories $69,200 $61,400

Prepaid expenses $1,500 $2,800

Long term investment $11,000 $6,500

Equipment, net $74,200 $73,800

Land $43,100 $95,600

Total Assets $287,300 $$282,000

Current Liabilities:

Notes Payable short term $14,200 $19,200

Accounts payable $44,100 $42,600

Income tax payable $14,200 $16,800

Accrued liabilities $23,900 $28,500

Interest payable $5,100 $9,200

Salary payable $3,500 $2,800

Long term note payable $57,000 $104,400

Common stock $68,000 $52,600

Retained earnings $-9,100 $5,900

Total Liabilities and Equity $220,900 $282,000

Additional Information:

Net Income $99,400

Depreciation expense $13,700

Purchase Long term investment $4,500

Sold land for cash $45,400

Acquired equipment by issuing

Long term note payable $14,100

Paid long term note payable $61,500

Received cash for issuance of

Common stock $10,400

Paid cash dividends $15,000

Paid short term note payable

By issuing common stock $5,000

Required: Prepare the statement of cashflows of XYZ Corporation for the year ended June 30, 2017 by using the indirect method.