Presented below are the consolidated financial statements of Casual Clothing, Inc.

In 2017, amortization expense for intangibles was \($2,700\) and depreciation expense for buildings, furniture & equipment was \($123,000\).

Required
Using the above financial data, prepare the statement of cash flow for 2017 for Casual Clothing, Inc. using the indirect method. What does the company’s statement of cash flow reveal about the business’s financial health?

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Assets CASUAL CLOTHING INC. Consolidated Balance Sheet 12/31/17 12/31/16 Current Assets Cash and cash equivalents 8,794 7,352 Merchandise inventory... 94,153 42,045 Accounts receivable (net)... 25,700 17,800 Other current assets 35,103 25,393 Total current assets 163,750 92,590 Noncurrent Assets Buildings, furniture & equipment (net). 1,826,863 1,658,990 Land.. 2,279,946 1,458,832 Construction-in-process 615,722 414,725 Intangibles (net). Total assets.. 9,780 6,700 $4,896,061 $3,631,837