Charlotte Company's net income last year was $80,000. Changes in the company's balance sheet accounts for the year appear below:

	Increases (Decreases)
Asset and Contra-Asset Accounts:
Cash	$	21,500
Accounts receivable	$	18,000
Inventory	$	(25,000)
Prepaid expenses	$	8,000
Long-term investments	$	36,000
Property, plant and equipment	$	66,000
Accumulated depreciation	$	42,000
Liability and Equity Accounts:
Accounts payable	$	(25,000)
Accrued liabilities	$	15,000
Income taxes payable	$	45,000
Bonds payable	$	(56,000)
Common stock	$	26,000
Retained earnings	$	68,500

The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend $11,500.

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 with a minus sign. Omit the "$" sign in your response.)

Statement of Cash Flows
Operating activities:

	$
Adjustments to convert net income to cash basis:

$

Net cash

operating activities		$

b.	Prepare the investing activities section of the company's statement of cash flows for the year. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)

Statement of Cash Flows
Investing activities:

	$

Net cash

investing activities	$

c.	Prepare the financing activities section of the company's statement of cash flows for the year. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)

Statement of Cash Flows
Financing activities:

$

Net cash

financing activities	$