Arctic Company's income statement and comparative balance sheets as of December 31 of 2013 and 2012 follow:

ARCTIC COMPANY Income Statement For the Year Ended December 31, 2013
Sales Revenue		$1,019,200
Cost of Goods Sold	$747,600
Wages Expense	266,000
Advertising Expense	43,400
Depreciation Expense	30,800
Interest Expense	25,200
Gain on Sale of Land	(35,000)	1,078,000
Net Loss		$(58,800)

ARCTIC COMPANY Balance Sheets
	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash	$68,600	$39,200
Accounts Receivable	58,800	70,000
Inventory	149,800	158,200
Prepaid Advertising	14,000	18,200
Plant Assets	504,000	310,800
Accumulated Depreciation	(109,200)	(78,400)
Total Assets	$686,000	$518,000
Liabilities and Stockholders' Equity
Accounts Payable	$23,800	$43,400
Interest Payable	8,400	-
Bonds Payable	280,000	-
Common Stock	343,000	343,000
Retained Earnings	72,800	131,600
Treasury Stock	(42,000)	-
Total Liabilities and Stockholders' Equity	$686,000	$518,000

During 2013, Arctic sold land for $98,000 cash that had originally cost $63,000. Arctic also purchased equipment for cash, acquired treasury stock for cash, and issued bonds payable for cash. Accounts payable relate to merchandise purchases. Required a. Calculate the change in cash that occurred during 2013. b. Prepare a statement of cash flows using the indirect method. a. Change in Cash during 2013 $Answer

b. Use a negative sign with cash outflow answers.