4. Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows using the indirect method. (e) Notes payable in the amount of $40,000 were issued during the year for cash

Stylish Corporation Spreadsheet for Statement of Cash Flows Indirect Method For Year Ended December 31, 2013
			Analysis of Changes
	12/31/12		Debit		Credit	12/31/13
Balance Sheet Debits
Cash	70,000					60,000
Accounts receivable	180,000					190,000
Merchandise inventory	200,000					230,000
Plant assets	500,000					570,000
	950,000					1,050,000
Balance Sheet Credits
Accumulated depreciation	100,000					150,000
Accounts payable	170,000					160,000
Notes payable	350,000					390,000
Capital stock	200,000					200,000
Retained earnings	130,000					150,000
	950,000					1,050,000
Statement of Cash Flows
Operating activities
Net income
Increase in accounts receivable
Increase in merchandise inventory
Decrease in accounts payable
Depreciation expense
Investing activities
Cash paid to purchase plant assets
Financing activities
Cash paid for dividends
Cash received from note payable