The Following Information Is Available for Mergenthaler Corporation for the Year

The following information is available for Mergenthaler Corporation for the year ended December 31, 2014: $\begin{array}{lr}\text { Collection of principal on long-term loan to a supplier } & \$ 16,000 \\\text { Acquisition of equipment for cash } & 10,000 \\\text { Proceeds from the sale of long-term investment at book value } & 22,000 \\\text { Issuance of common stock for cash } & 20,000 \\\text { Depreciation expense } & 25,000 \\\text { Redemption of bonds payable at carrying (book) value } & 34,000 \\\text { Payment of cash dividends } & 6,000 \\\text { Net income } & 30,000 \\\text { Purchase of land by issuing bonds payable } & 40,000\end{array}$
In addition, the following information is available from the comparative balance sheet for Mergenthaler at the end of 2014 and 2013: Instructions
Prepare Mergenthaler's statement of cash flows for the year ended December 31, 2014, using the indirect method.