Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method: Accounts payable increase $14,000
Accounts receivable increase 7,000
Accrued liabilities decrease 5,000
Amortization expense 31,000
Cash balance, January 1 21,000
Cash balance, December 31 141,000
Cash paid as dividends 41,000
Cash paid to purchase land 81,000
Cash paid to retire bonds payable at par 70,000
Cash received from issuance of common stock 75,000
Cash received from sale of equipment 17,000
Depreciation expense 65,000
Gain on sale of equipment 12,000
Inventory decrease 11,000
Net income 126,000
Prepaid expenses increase 3,000
Remember to use negative signs with answers when appropriate.