Accounting homework help, Complete the statement of cash flows using the indirect method?
Condensed financial data for Jenny Wren Corporation are given below.

JENNY WREN CORPORATION
Comparative Balance Sheet
December 31

Assets
2012 2011
Cash $ 131,000 $ 40,000
Accounts receivable 68,000 54,000
Inventory 200,000 230,000
Land 1,430,000 1,300,000
Equipment 1,006,000 916,000
Accumulated depreciation (85,000) (40,000)
Total assets $2,750,000 $2,500,000

Liabilities and Stockholders' Equity
Accounts payable $ 104,000 $ 24,000
Salaries payable 42,000 48,000
Bonds payable 1,150,000 1,150,000
Common stock 1,338,000 1,208,000
Retained earnings 116,000 70,000
Total liabilities and stockholders’ equity $2,750,000 $2,500,000

Additional information for 2012:
1. A cash dividend of $45,000 was declared and paid during the year.
2. Additional equipment was purchased for cash.
3. Land was acquired by issuing common stock.


Instructions: Prepare a Statement of Cash Flows for 2012 using the indirect method. What is the Free Cash Flow

Hint
Net Income) es $91,000

If you can explain how to derive the $ 91,000 using only the Statement of Financial Position (Balance Sheet)