Ballard Co. reported $145,880 of net income for 2014. The accountant, in preparing the statement of cash flows, noted the following items occurring during 2014 that might affect cash flows from operating activities.

1.	Ballard purchased 150 shares of treasury stock at a cost of $20 per share. These shares were then resold at $27 per share.
2.	Ballard sold 150 shares of IBM common at $190 per share. The acquisition cost of these shares was $170 per share. This investment was shown on Ballards December 31, 2013, balance sheet as an available-for-sale security.
3.	Ballard revised its estimate for bad debts. Before 2014, Ballards bad debt expense was 1% of its net sales. In 2014, this percentage was increased to 2%. Net sales for 2014 were $494,400, and net accounts receivable decreased by $11,260 during 2014.
4.	Ballard issued 520 shares of its $15 par common stock for a patent. The market price of the shares on the date of the transaction was $24 per share.
5.	Depreciation expense is $37,420.
6.	Ballard Co. holds 31% of the Nirvana Companys common stock as a long-term investment. Nirvana Company reported $25,900 of net income for 2014.
7.	Nirvana Company paid a total of $2,100 of cash dividends to all investees in 2014.
8.	Ballard declared a 10% stock dividend. One thousand shares of $15 par common stock were distributed. The market price at date of issuance was $18 per share.

Prepare a schedule that shows the net cash flow from operating activities using the indirect method. Assume no items other than those listed above affected the computation of 2014 net cash flow from operating activities.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Ballard Co. Statement of Cash Flows (Partial) For the Year 2014
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Net IncomeIncrease in Accounts ReceivableGain on Sale of InvestmentLoss on Sale of InvestmentDividends from Equity Method InvestmentIncome from Equity Method InvestmentDecrease in Accounts ReceivableDepreciation expense	$
Adjustments to reconcile net income to
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash
Loss on Sale of InvestmentIncome from Equity Method InvestmentDividends from Equity Method InvestmentNet IncomeDepreciation expenseGain on Sale of InvestmentIncrease in Accounts ReceivableDecrease in Accounts Receivable	$
Income from Equity Method InvestmentIncrease in Accounts ReceivableGain on Sale of InvestmentDepreciation expenseLoss on Sale of InvestmentDecrease in Accounts ReceivableDividends from Equity Method InvestmentNet Income
Dividends from Equity Method InvestmentNet IncomeDepreciation expenseLoss on Sale of InvestmentGain on Sale of InvestmentIncrease in Accounts ReceivableDecrease in Accounts ReceivableIncome from Equity Method Investment
Net IncomeDepreciation expenseIncrease in Accounts ReceivableIncome from Equity Method InvestmentDividends from Equity Method InvestmentLoss on Sale of InvestmentDecrease in Accounts ReceivableGain on Sale of Investment
Income from Equity Method InvestmentNet IncomeDecrease in Accounts ReceivableDepreciation expenseIncrease in Accounts ReceivableLoss on Sale of InvestmentGain on Sale of InvestmentDividends from Equity Method Investment
Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in Cash	$

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