BEKHAM COMPANY Income Statement For Year Ended December 31, 2011
Sales				$	2,416,000
Cost of goods sold					1,183,840
Gross profit					1,232,160
Operating expenses
Salaries expense	$	330,992
Depreciation expense		57,984
Rent expense		65,232
Amortization expenses%u2013Patents		7,248
Utilities expense		26,576			488,032
					744,128
Gain on sale of equipment					9,664
Net income				$	753,792

Changes in current asset and current liability accounts for the year that relate to operations follow.

Accounts receivable	$	11,750	increase	Accounts payable	$	10,775	decrease
Merchandise inventory		25,200	increase	Salaries payable		4,900	decrease

Use the above income statement and information about changes in noncash current assets and current liabilities to prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response)

Statement of Cash Flows
Cash flows from operating activities
(Click to select) Net income Net loss	$
Adjustments to reconcile net income to net cash provided by operating activities
(Click to select) Amortization expense-Patents Gain on sale of equipment Increase in merchandise inventory Decrease in salaries payable Loss on sale of equipment Decrease in accounts payable Increase in accounts receivable Depreciation expense Increase in wages payable
(Click to select) Loss on sale of equipment Decrease in accounts payable Amortization expense-Patents Increase in accounts receivable Decrease in salaries payable Increase in merchandise inventory Gain on sale of equipment Depreciation expense Increase in wages payable
(Click to select) Increase in wages payable Increase in merchandise inventory Decrease in accounts payable Decrease in salaries payable Gain on sale of equipment Increase in accounts receivable Amortization expense-Patents Loss on sale of equipment Depreciation expense
(Click to select) Loss on sale of equipment Increase in merchandise inventory Decrease in accounts payable Depreciation expense Decrease in salaries payable Amortization expense-Patents Increase in wages payable Increase in accounts receivable Gain on sale of equipment
(Click to select) Loss on sale of equipment Increase in wages payable Depreciation expense Decrease in salaries payable Increase in accounts receivable Increase in merchandise inventory Gain on sale of equipment Amortization expense-Patents Decrease in accounts payable
(Click to select) Increase in wages payable Gain on sale of equipment Amortization expense-Patents Decrease in salaries payable Increase in merchandise inventory Decrease in accounts payable Depreciation expense Loss on sale of equipment Increase in accounts receivable
(Click to select) Increase in wages payable Amortization expense-Patents Decrease in accounts payable Increase in merchandise inventory Loss on sale of equipment Depreciation expense Gain on sale of equipment Increase in accounts receivable Decrease in salaries payable
Net cash (Click to select) provided by used in operating activities	$