Use indirect method to prepare statement of cash flows

Using the information for the Kenwood Company included below, prepare a statement of cash flows using the indirect method. Net income for 2009 was $121,000. on February 1, 2009, Kenwood issued a 10 percent stock dividend to stockholders of record on March 1, 2009. The market price per share of the common stock on February 1, 2009, was $15. On March 1, 2009, Kenwood issued 3, 800 shares of common stock for land. The common stock had a current market value of approximately S40,000 on March 1, 2009. On April 15, 2009, Kenwood repurchased its long-term bonds payable with a face value of $50,000 for $38,000 in cash. On June 30, 2009, Kenwood sold equipment that costs S53,000, with a book value of S23,000, for $19,000 in cash. On September 30, 2009, Kenwood declared a cash dividend of 4 cents per share to stockholders of record on November 1, 2009. On October 10, 2009, Kenwood purchased land for $85,000 in cash