P1-33A Preparing the statement of cash flows-indirect method Accountants for Smithson, Inc. have assembled the following data for the year ended December 31, 2016: 2016 2015 Current Assets: Cash $ 102,700 $ 20,000 Accounts Receivable 63,500 69,500 Merchandise Inventory 85,000 80,000 Current Liabilities: easedin Pecurnis Pungable Accounts Payable $ 57,900 $ 56,000 Income Tax Payable 14,400 17,000 The Statement of Cash Flows Transaction Data for 2016: Issuance of common stock for cash $ 42,000 Payment of notes payable $ 42,100 Depreciation expense 25,000 Payment of cash dividends 52,000 Purchase of equipment with cash 73,000 Issuance of notes payable to borrow cash 60,000 Acquisition of land by issuing long-term notes payable 118,000 Gain on sale of building 4,000 Book value of building sold 53,000 69,500 Net income Prepare Smithson's statement of cash flows using the indirect method. Include an accompanying schedule of non-cash investing and financing activities