Volusia Company reported the following comparative balance sheets for 2019:

Volusia Company

Balance Sheet

December 31, 2018 and 2019

Additional Information:
1. Net income for 2019 was $18,300.
2. Cash dividends of $13,500 were declared and paid during 2019.
3. Long-term investments with a cost of $21,200 were sold for cash at a loss of $1,500. Additional long-term investments were purchased for $32,900 cash.
4. Equipment with a cost of $25,000 and accumulated depreciation of $16,300 was sold for $4,500 cash. New equipment was purchased for $37,025 cash.
5. Depreciation expense was $24,800.
6. A principal payment of $15,000 was made on long-term notes. Volusia issued notes payable for $20,000 cash.
7. Common stock was sold for $7,900 cash.
Required:
Prepare a statement of cash flows for Volusia using the indirect method to compute net cash flow from operating activities.

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2019 2018 ASSETS $ 16,300 32,725 28,200 1,800 25,500 102,975 (38,600) $168,900 $ 28,100 26,500 24,100 3,900 37,200 115,000 (47,100) $187,700 Cash Accounts receivable Inventory Prepaid rent Investments, long-term Property, plant, and equipment Acaumulated depreciation Total assets LIABILITIES AND EQUITY $ 24,900 4,700 4,600 3,500 35,000 72,900 42,100 $187,700 $ 21,200 3,300 6,900 5,200 30,000 65,000 37,300 Accounts payable Interest payable Wages payable Income taxes payable Notes payable Common stock Retained earnings Total liabilities and equity $168,900