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11. The following schedule of information relates to Page Products for the year,...

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11. The following schedule of information relates to Page Products for the year, 2013 Income statement data Sales Depreciation expense Net income $580,000 21,000 77,000 Cash receipts From issuance of common stock From sale (at book value) of stock investment $44,000 28,000 Cash payments For purchase of land To stockholders as dividends To payoff notes payable $124,000 22,000 14,000 Change in working capital accounts: Cash increase Accounts receivable increase Inventory decrease Accounts payable decrease Accrued liabilities increase $5,000 6,000 3,000 4,000 2,000 The cash balance was $22,000 at the beginning of 2013. In good form, prepare a 2013 statement of cash flows for Page Products using the indirect method

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