The Barden Corporation’s comparative balance sheets for 2014 and 2013 are presented below


.:.
The income statement of Barden Corporation for the year ended December 31, 2014, is as follows:

.:.

Additional Information:
a. On January 11, 2014, Barden purchased land for $170,000 cash.
b. On January 23, 2014, Barden extinguished long-term bonds with a face value of $100,000
c. On February 8, 2014, Barden issued 8,400 shares of common stock for cash. The stock was issued at $15 per share.
d. Barden purchased marketable securities for $30,000 on March 15, 2014; one-half of the securities were later sold on December 3, 2014.
e. On June 9, 2014, Barden issued 7,600 shares of common stock for land. The common stock and land had current market values of $80,000 at the time of the transaction.
f. On July 1, 2014, Barden declared and paid a $40,000 cash dividend.
g. On October 18, 2014, Barden sold equipment costing $106,000, with a book value of $46,000, for $38,000 cash.

Required:
Prepare a cash flow statement using the indirect method for operating activities.