The Following Information Was Gathered from Brandon Corporation's Financial Records

The following information was gathered from Brandon Corporation's financial records:
$$\begin{array} { l r } \text { Net income } & \$ 65,000 \\\text { Depreciation expense } & 12,000 \\\text { Beginning cash balance } & 22,000 \\\text { Decrease in accounts receivable } & 12,000 \\\text { Increase in inventory } & 8,000 \\\text { Decrease in accounts payable } & 6,000 \\\text { Decrease in accrued liabilities } & 2,000 \\\text { Proceeds from bank loan } & 25,000 \\\text { Payment of dividends to stockholders } & 16,000 \\\text { Purchase of land } & 35,000\end{array}$$
Required:

Using the indirect method, prepare a statement of cash flows for Brandon Corporation.