TCO F) The following information is taken from French Corporation's financial statements:

TCO F) The following information is taken from French Corporation's financial statements: December 312010$ 27,00092,000 80,000( 4,500) ( 3,100)Inventory 155,000 175,0007,5006,800Land 90,000 60,000Buildings 287,000 244,000 Accumulated Depreciation ( 32,000) (13,000)Patents 20,000 35,000Total Assets $705,000 $611,700Accounts Payable $ 90,000 $ 84,00054,00063,000Bonds Payable 125,000 60,000Common Stock 100,000 100,000Retained Earnings - Appropriated 80,000 100,000Retained Earnings - Unappropriated 271,000 212,700Treasury Stock, at cost (15,000)( 8,000)Total Liabilities and Equity $705,000 $611,700 For 2011 YearNet Income $58,30019,0005,000Cash dividends declared and paid 20,000Gain or Loss on Sale of Patents noneInstructions Prepare a statement of cash flows for French Corporation for the year 2011. (Use the indirect method.)