Cash Flows from (Used for) Operating Activities

The income statement disclosed the following items for the year:

Depreciation expense	$41,100
Gain on disposal of equipment	23,960
Net income	344,300

The changes in the current asset and liability accounts for the year are as follows:

	Increase (Decrease)
Accounts receivable	$6,400
Inventory	(3,640)
Prepaid insurance	(1,370)
Accounts payable	(4,340)
Income taxes payable	1,370
Dividends payable	960

a. Prepare the Cash Flows from (used for) Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.

Statement of Cash Flows (partial)
Cash flows from (used for) operating activities:
	$fill in the blank b065dbf6d02cf81_2
Adjustments to reconcile net income to net cash flows from (used for) operating activities:
	fill in the blank b065dbf6d02cf81_4
	fill in the blank b065dbf6d02cf81_6
Changes in current operating assets and liabilities:
	fill in the blank b065dbf6d02cf81_8
	fill in the blank b065dbf6d02cf81_10
	fill in the blank b065dbf6d02cf81_12
	fill in the blank b065dbf6d02cf81_14
	fill in the blank b065dbf6d02cf81_16
Net cash flows from operating activities		$fill in the blank b065dbf6d02cf81_17