The following are several items involving Tejera Company’s cash flow activities for 2016:
a. Net income, $60,400
b. Receipt from issuance of common stock, $32,000
c. Payment for purchase of equipment, $41,500
d. Payment for purchase of land, $19,600
e. Depreciation expense, $20,500
f. Patent amortization expense, $1,200
g. Payment of dividends, $21,000
h. Decrease in salaries payable, $2,600
i. Increase in accounts receivable, $10,300
j. Beginning cash balance, $30,700
Required:
Prepare Tejera’s statement of cash flows for 2016 using the indirect method.