43,800 10,000 2,400 4,000 -750 -430 -1,200 380 -500 Ma and Pa Grocery Statement of Cash Flows-Indirect Method For the Year Ended 20XX Cash Flows from Operating Activities: Net Income Reconciliation of net income to net cash flows: Depreciation Patent Amortization Changes in Current Assets and Current Liabilities: Decrease in Accounts Receivable Increase in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Increase in Accrued Liabilities Decrease in Income Taxes Payable Net Cash Flows Provided by Operating Activities Cash Flows from Investing Activities: Cash received from sale of: Investments (long-term) Land 22,000 Less: Cash Paid for construction on building Net Cash Flows Used In Investing Activities Cash Flows from Financing Activities: Cash received from issuing mortgage note payable Less: Cash paid for dividends Net Cash Flows Used for Financing Activities Increase in cash Cash at the Beginning of the Year Cash at the End of the Year Schedule of Non-Cash Investing and Financing Activities: Issued common stock to retire bonds payable 42,000 12,000 4,000 7,800 61,500 10,000 M4 Assignment + 43,800 10,000 2,400 4,000 -750 -430 -1,200 380 -500 Ma and Pa Grocery Statement of Cash Flows-Indirect Method For the Year Ended 20XX Cash Flows from Operating Activities: Net Income Reconciliation of net income to net cash flows: Depreciation Patent Amortization Changes in Current Assets and Current Liabilities: Decrease in Accounts Receivable Increase in Inventory Increase in Prepaid Expenses Decrease in Accounts Payable Increase in Accrued Liabilities Decrease in Income Taxes Payable Net Cash Flows Provided by Operating Activities Cash Flows from Investing Activities: Cash received from sale of: Investments (long-term) Land 22,000 Less: Cash Paid for construction on building Net Cash Flows Used In Investing Activities Cash Flows from Financing Activities: Cash received from issuing mortgage note payable Less: Cash paid for dividends Net Cash Flows Used for Financing Activities Increase in cash Cash at the Beginning of the Year Cash at the End of the Year Schedule of Non-Cash Investing and Financing Activities: Issued common stock to retire bonds payable 42,000 12,000 4,000 7,800 61,500 10,000 M4 Assignment +