Consider the following comparative balance sheets for the Midland Manufacturing Corporation.

Midland Manufacturing Corporation
Comparative Balance Sheets (in Millions of Dollars)*
	December 31,		December 31,
	Year 1		Year 2
Assets
Current assets:
Cash	$ 4.3		$ 0.6
Accounts receivable, net	7.1		7.8
Inventories	12.8		13.8
Total current assets	$24.2		$22.2
Property and equipment	$81.0		$115.4
Less: Accumulated depreciation	16.7		25.1
Net property and equipment	$64.3		$90.3
Total assets	$88.5		$112.5
Liabilities and Stockholder's Equity
Current liabilities:
Accounts payable	$ 8.4		$ 9.5
Other current liabilities	5.5		8.8
Total current liabilities	$13.9		$18.3
Long-term debt	18.3		30.5
Deferred federal income taxes	$0.9		$1.5
Stockholders equity:
Common stock	$ 3.1		$ 3.1
Additional paid-in capital	29.7		29.7
Retained earnings	22.6		29.4
Total stockholders equity	$55.4		$62.2
Total liabilities and stockholders equity	$88.5		$112.5
*Net income for the year ended December 31, Year 2, totaled $9.8 million; dividends paid during the same period totaled $3.0 million; $1.7 million of long-term debt was retired in Year 2; and fixed assets were sold during Year 2 for $1.2 million.

Prepare a statement of cash flows (using the indirect method) for the Midland Manufacturing Corporation for the year ending December Year 2, based on the comparative balance sheets shown above. Use minus sign to indicate cash outflows. Enter your answers in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answers to one decimal place.

Midland Manufacturing Corporation
Statement of Cash Flows For the Year Ended December 31, Year 2
($ millions)
Cash Flows from Operating Activities:
Net Income	$ _________
Adjustments to reconcile net income to net cash provided
from operating activities	_________
Depreciation	_________
(Increase) decrease in current assets or liabilities
Accounts receivable	_________
Inventories	_________
Accounts payable	_________
Other current liabilities	_________
Increase (decrease) in deferred taxes	_________
Total adjustments	_________
Net cash provided from (used by) operating activities	_________
Cash Flows from Investing Activities
Proceeds from sale of facilities or equipment	_________
Capital expenditures	_________
Net cash used by investing activities	_________
Cash Flows from Financing Activities
Proceeds from issuance of long-term debt	_________
Repayments of long-term debt	_________
Dividends paid	_________
Net cash provided from (used by) financing activities	_________
	_________
Net Increase (Decrease) in Cash	_________
Cash - Beginning of Year	_________
Cash - End of Year	$ _________