The comparative balance sheet for Two Kicks Company is as follows:

The following additional information is available:
a. Net income for 2012 was $50,000.
b. Cash dividends of $25,000 were paid during the year.
c. A portion of outstanding bonds matured and were redeemed for cash by the bondholders. No new bonds were issued during the year.
d. Common stock was issued for cash.
e. Property and equipment were purchased for cash. No long-term assets were sold during the year.
f. The change in accumulated depreciation is a result of depreciation expense.
Required
Prepare a complete statement of cash flows for the year using the indirect method for the operating activities section.

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Comparative Balance Sheets at 12/31 2012 2011 Cash and cash equivalents Accounts receivable Inventory Property and equipment Accumulated depreciation 65,000 45,000 55,000 125,000 175,000 930,000 745,000 (270,000)(200,000) $900,000 820,000 50,000 Total assets S 110,000 105,000 200,000 305,000 350,000 280,000 260,000 235,000 515,000 Accounts payable Bonds payable (long-term) 180,000 290,000 Total liabilities Common stock Retained earnings Total stockholders equity Total liabilities and stockholders' equity 610,000 900,000 820,000