Meera Corporation's comparative balance sheets are presented below.
Additional information:
1. Net income was $22,766. Dividends declared and paid were $17,716.
2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $4,890.
(a) Prepare a statement of cash flows for 2014 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g.(15,000).)