ACC - Ferguson Company

The following information related to Ferguson Company for 20x6 and 20x5

Assets 20x6 20x5 Change
Cash $21,000 $54,000 ($33,000)
Accounts receivable (net) 421,000 480,000 (59,000)
Inventory 310,000 340,000 (30,000)
Prepaid expenses 17,000 15,000 2,000
Investments 80,000 80,000 0
Land 350,000 300,000 50,000
Building (net) 680,000 700,000 (20,000)
Equipment (net) $520,000 $340,000 $180,000
Total Assets

Liabilities
Accounts payable $328,000 $335,000 ($7,000)
accrued liabilities 171,000 170,000 1,000
income taxes payable 22,000 34,000 (12,000)
bonds payable 410,000 700,000 (290,000)
long-term note payable 130,000 0 130,000
total liabilities $1,061,000 $1,239,000 ($178,000)

stockholders equity
common stock $ 800,000 $ 600,000 $ 200,000
additional paid in capital 152,000 152,000 0
retained earnings 386,000 318,000 68,000
total stockholders equity $1,338,000 $1,070,000 $268,000
total liabilities and stockholders equity $2,399,000 $2,309,000 $90,000


Additional Information:
Net income for 20x6 was 143,000
Issued a long-term note payable in exchange for computer equipment for $130,000
Purchased computer terminals for $90,000
Depreciation on equipment for 20x6 was $40,000
Depreciation on building for 20x6 was $20,000
Reacquired bonds payable at par for $290,000
Declared and paid dividends for $75,000
Issues 20,000 shares of common stock at par value of $10 per shares
Paid 50,000 for land intended for a new plant site

Prepare a statement of cash flows using the indirect method. Include a schedule of noncash investing and financing transactions, if applicable.