The comparative balance sheets for Nelson Company appear below:
![1341_68-B-A-G-F-A (1470).png](https://secure.tutorsglobe.com/CMSImages/1341_68-B-A-G-F-A (1470).png)
Additional information:
1. Net income for the year ending December 31, 2012, was $20,000.
2. Cash dividends of $12,000 were declared and paid during the year.
3. Long-term investments that had a book value of $18,000 were sold for $13,000.
4. Sales for 2012 are $120,000.
5. Issued new common stock of $50,000 in exchange for new equipment
Instructions:
Prepare a statement of cash flows for the year ended December 31, 2012, using the indirect method.