The following information is available for Stamos Corporation for the year ended December 31, 2019.
Beginning cash balance..................................$ 45,000
Accounts payable decrease.................................3,700
Depreciation expense.....................................162,000
Accounts receivable increase...............................8,200
Inventory increase..........................................11,000
Net income.................................................284,100
Cash received for sale of land at book value............35,000
Cash dividends paid.......................................12,000
Income taxes payable increase..............................4,700
Cash used to purchase building.........................289,000
Cash used to purchase treasury stock....................26,000
Cash received from issuing bonds......................200,000
Instructions
Prepare a statement of cash flows using the indirect method.