The Following Information Is Available for Sally Corporation for the Year

The following information is available for Sally Corporation for the year ended December 31, 2017: $\begin{array}{lr}\text { Collection of principal on long-term loan to a supplier } & \$ 15,000 \\\text { Acquisition of equipment for cash } & 10,000 \\\text { Proceeds from the sale of long-term investment at book value } & 20,000 \\\text { Issuance of common stock for cash } & 27,000\\\text { Depreciation expense } & 28,000 \\\text { Redemption of bonds payable at carrying (book) value } & 35,000 \\\text { Payment of cash dividends } & 15,000 \\\text { Net income } & 25,000 \\\text { Purchase of land by issuing bonds pavable } & 45,000\end{array}$ In addition, the following information is available from the comparative balance sheet for Sally at the end of 2016 and 2017: Instructions
Prepare Sally's statement of cash flows for the year ended December 31, 2017 using the indirect method.