Black Company's net income last year was $84,000. Changes in the company's balance sheet accounts for the year are as follows:

	Increases (Decreases)
Debit balances:
Cash	$(12,000)
Accounts receivable	13,000
Inventory	(15,000)
Prepaid expenses	(9,000)
Long-term investments	20,000
Plant and equipment	60,000
Credit balances:
Accumulated depreciation	26,000
Accounts payable	(15,000)
Accrued liabilities	(8,000)
Taxes payable	19,000
Bonds payable	(30,000)
Common stock	40,000
Retained earnings	25,000

The company declared and paid cash dividends of $59,000 last year.

Required:

A. Prepare the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) Amounts to be deducted should be indicated by a minus sign.

Black Company
Operating Activities Section
	$fill in the blank 8eb0a5003027fb9_2
Add (deduct) adjusting items:
	fill in the blank 8eb0a5003027fb9_4
	fill in the blank 8eb0a5003027fb9_6
	fill in the blank 8eb0a5003027fb9_8
	fill in the blank 8eb0a5003027fb9_10
	fill in the blank 8eb0a5003027fb9_12
	fill in the blank 8eb0a5003027fb9_14
	fill in the blank 8eb0a5003027fb9_16
Net cash flows from operating activities	$fill in the blank 8eb0a5003027fb9_17

B. Prepare the investing activities section of the company's statement of cash flows for the year. Amounts to be deducted should be indicated by a minus sign.

Black Company
Investing Activities Section
	$fill in the blank 2cc982f80ffdf97_2
	fill in the blank 2cc982f80ffdf97_4
Net cash flows from investing activities	$fill in the blank 2cc982f80ffdf97_5

C. Prepare the financing activities section of the company's statement of cash flows for the year. Amounts to be deducted should be indicated by a minus sign.

Black Company
Financing Activities Section
	$fill in the blank de135102a04ffe8_2
	fill in the blank de135102a04ffe8_4
	fill in the blank de135102a04ffe8_6
Net cash flows from financing activities	$fill in the blank de135102a04ffe8_7