Refer to the information reported about Satu Company in Problem 16-6B.

Required
Prepare a complete statement of cash flows using a spreadsheet as in Exhibit 16A.1; report operating activities under the indirect method. Identify the debits and credits in the Analysis of Changes columns with letters that correspond to the following list of transactions and events.
a. Net income was $202,767.
b. Accounts receivable decreased.
c. Inventory increased.
d. Accounts payable decreased.
e. Income taxes payable decreased.
f. Depreciation expense was $15,700.
g. Purchased equipment for $30,250 cash.
h. Issued 3,000 shares at $21 cash per share.
i. Declared and paid $60,000 of cash dividends.

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SATU COMPANY Comparative Balance Sheets December 31, 2017 and 2016 Accounts receivable Accum. depreciation-Equipment Liabilities and Equity Income taxes payable S305,689 $241,080 6 2,100 4 Common stock, $5 par value Paid-in capital in excess of par, common stock Total liabilities and equity S305,689 $241,080 SATU COMPANY Income Statement For Year Ended December 31, 2017 Sales Cost of goods sold Gross profit Operating expenses $750,800 269,200 481,600 15,700 173,933 189,633 291,967 89,200 $202,767 Income before taxes Net income