Cash Flow from Operating Activities
Net Income	$
Add (deduct) items to convert net income to cash basis
Depreciation
Amortization
Gain on Sale of Equipment
Accounts Receivable Increase
Inventory Increase
Prepaid Expenses Increase
Accounts Payable Decrease
Wages Payable Decrease
Cash Flow Provided by Operating Activities
Cash Flow from Investing Activities
Sale of Equipment
Purchase of Land
Cash Used by Investing Activities
Cash Flow from Financing Activities
Issuance of Common Stock
Retirement of Bonds Payable
Payment of Dividends
Cash Used by Financing Activities
Net Decrease in Cash
Cash at Beginning of Year
Cash at End of Year

Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease Accounts receivable increase Wages payable decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory increase Net income Prepaid expenses increase $9,100 12,740 5,460 29,120 54,600 12,740 10,920 182,000 136,500 81,900 21,840 70,980 25,480 23,660 174,720 14,560