Accountants for Johnson Inc., have assembled the following data for the year ended December 31, 2012:

Requirement

1.

Prepare Johnson's statement of cash flows using the indirect method. Include an accompanying schedule of noncash investing and financing activities.

	December 31,
			2012	2011
	Current Accounts:
	Current assets:
	Cash and cash equivalents. . . . . .		$92,100	$17,000
	Accounts receivable. . . . . . . . . . .		64,500	69,200
	Inventories. . . . . . . . . . . . . . . . . .		87,000	80,000
	Current liabilities:
	Accounts payable. . . . . . . . . . . . .		57,900	56,200
	Income tax payable. . . . . . . . . . . .		14,400	17,100

Transaction Data for 2012:
Issuance of common stock			Payment of note payable. . . . . .			$48,100
	for cash. . . . . . . . . . . . . .	$40,000	Payment of cash dividends. . . . .			54,000
Depreciation expense. . . . . . . . . .		25,000	Issuance of note payable
Purchase of equipment. . . . . . . . .		75,000	to borrow cash. . . . . . . . . . .			67,000
Acquisition of land by issuing			Gain on sale of building. . . . . . .			5,500
	long-term note payable. . .	122,000	Net income. . . . . . . . . . . . . . . .			70,500
Cost basis of building sold. . . . . .		53,000

Requirement 1. Prepare Johnsons statement of cash flows using the indirect method. Include an accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted. Leave unused cells blank.)

Complete the statement one section at a time, beginning with the cash flows from operating activities.

	Johnson, Inc.
	Statement of Cash Flows
	Year Ended December 31, 2012
	Cash flows from operating activities:
	Net income
	Adjustments to reconcile net income to
	net cash provided by operating activities:
	Net cash provided by (used for) operating activities