The following information was obtained from analysis of selected accounts of Orlando Company for the year ended December 31, 2011.
Increase in long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 57,000
Purchase of treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52,000
Depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 197,000
Gain on sale of equipment (included in net income) . . . . . . . . . . . . . 6,000
Proceeds from issuance of common stock . . . . . . . . . . . . . . . . . . . . . 184,000
Purchase of equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 434,000
Proceeds from sale of equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000
Payment of dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,000
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 375,000
Increase (decrease) in working capital accounts:
Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 229,000
Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 275,000
Trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 167,000
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 124,000
Income taxes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (34,000)
Cash balance, January 1, 2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120,000
Instructions: From the information given, prepare a statement of cash flows using the indirect method.