CRANE LTD. Statement of Cash Flows-Indirect Method Year Ended December 31, 2018 Cash flows from operating activities x INet income Adjustments to reconcile net income to Net cash provided by operating activities x Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in inventory Gain on disposal of building Increase in interest payable x Decrease in income tax payable x X Increase in accounts receiv Increase in accounts receiv x X Net decrease in cash Cash flows from investing activities Purchase of building Purchase of equipment Proceeds from disposal of building Additions to bank loan Additions to bank loan Net cash used by investing activities Cash flows from financing activities Additions to bank loan Repayments of bank loan x Dividends paid Repurchase of common shares Net cash provided by financing activities X Net decrease in cash X Cash and cash equivalents, January 1 Cash and cash equivalents, December 31