Wil Wheaton,Kirk Enterprises' Controller,is Preparing the Financial Statements for 2013 $\bullet$

Wil Wheaton,Kirk Enterprises' controller,is preparing the financial statements for 2013.He has completed the comparative balance sheets and income statement,which follow,and has gathered this additional information:
$\bullet$ On December 31,2013,Kirk sold a piece of equipment with an original cost of $25,000 for $10,000 cash.The equipment had a book value of $13,000.
$\bullet$ On February 1,2013,Kirk issued $60,000 of common stock to raise cash in anticipation of the purchase of a new building later in the year.
$\bullet$ On February 2,2013,Kirk took out a ten-year $110,000 long-term loan to provide the remaining funds needed to purchase the building.
$\bullet$ On May 15,2013,Kirk paid $162,000 for the new building.
$\bullet$ The company paid a cash dividend of $9,500.
$\begin{array}{lrr}\begin{array}{lrl}&&\textbf{Kirk Enterprises}\\&&\textbf{Income Statement}\\&&\textbf{For the Year Ended December 31, 2013}\\\end{array}\\\\\text{Sales revenue} & & \$1,070,000 \\\text{Loss on equipment sale} & & \underline{3,000} \\\text{~Total revenue} & & 1,067,000 \\\text{Cost of goods sold} & & 700,000 \\\text{Operating expenses} & & \\\text{~Depreciation expense} & \$ 42,000 & \\\text{~Interest expense} & 7,400 & \\\text{~Wages expenses} & 175,000 & \\\text{~Other expenses} & \underline{16,000} & \underline{240,400} \\\text{Income before taxes} & & 126,600 \\\text{Tax expense} & & \underline{63,400} \\\text{~Net income} & & \underline{\underline{\$63,200}} \\\end{array}$ $\begin{array}{lrr}\begin{array}{lrl}&&\textbf{Kirk Enterprises}\\&&\textbf{Comparative Balance Sheets}\\&&\textbf{As of December 31}\\\end{array}\\\\& \underline{2013} & & \underline{2012} \\\text{Cash} & \$ 122,300 & & \$ 80,500 \\\text{Accounts receivable, net} & 287,200 & & 269,700 \\\text{Inventory} & \underline{125,000} & & \underline{95,000} \\\text{~~Total current assets} & \underline{534,500} & & \underline{445,200} \\\text{Property, plant, \& equipment} & 297,000 & & 160,000 \\\text{Accumulated depreciation} & \underline{90,000}& & \underline{60,000} \\\text{~~Net property, plant, \& equipment} &\underline{207,000} & & \underline{100,000} \\\text{~~Total Assets} & \underline{\$ 741,500} & & \underline{\$ 545,200}\end{array}$ $\begin{array}{lrr}\text { Accounts payable } & \$103,000 & \$120,000\\\text { Wages payable }& 27,000 & 30,000 \\\text {Accrued liabilities} & 20,000 & 25,000 \\\text {Taxes payable} & 17,600 & 20,000 \\\text {Mortgage payable} & \underline{110,000} & \underline{0} \\\text {~Total liabilities} & \underline{277,600} & \underline{195,000} \\\text {Common stock} & 350,000 & 290,000 \\\text {Retained earnings} & \underline{113,900} & \underline{60,200} \\\text {~Total stockholders' equity} & \underline{463,900} & \underline{350,200} \\\text {Total liabilities \& stockholders' equity} & \underline{\underline{\$741,500}} & \underline{\underline{\$545,200}} \\\end{array}$
Required:
Using the direct method, prepare Kirk Enterprises’ statement of cash flows for 2013.