The Dragon Corporation is preparing its statement of cash flows for the past year just ended on December 31. The controller has gathered the following information about the past year.

Requirement
Prepare a statement of cash flows for the past year using the indirect method.

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Retire bond payable (long-term).. Paid dividends in cash. Decrease in inventory... Decrease in accounts payable. Sold land (investment).. Increase in interest payable.. Cash balance, beginning of year. Net income.. Decrease in accounts receivable Increase in salaries payable.. Depreciation expense. Increase in prepaid insurance.. Decrease in other short-term liabilities. $12,000 $ 8,000 $ 6,000 $33,000 $10,000 $14,000 $ 700 $ 1,000 $12,000 $23,000 $ 400 Increase in taxes payable.. Purchase of new computer system with cash ... $ 2,000 $91,000 new $ 9,000 $89,000