E Calculator CODEC Chrisman Company Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense Increase in accounts receivable Decrease in Inventory Increase in prepaid rent Increase in accounts payable Decrease in Income taxes payable Net cash provided by operating activities Cash Flows from Investing Activities Acquisition of plant and equipment Cash Flows from Financing Activities Retirement of bonds payable Issuance of short-term notes payable Issuance of common stock All work saved. Email Instructor Save and Exit Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: December 31 Cash Accounts receivable Inventory Prepaid rent Land Plant and equipment Accumulated depreciation Totals 2017 2016 $12,400 $15,500 31,000 23,300 24,600 41,100 14,000 9,300 116,300 116,300 620,000 465,000 (100,800) (46,500) $717,500 $624,000 Accounts payable Income taxes payable Short-term notes payable Bonds payable Common stock Retained earnings Totals $18,600 4,700 54,300 116,000 310,000 213,900 $717,500 $15,500 7,800 38,800 155,000 232,500 174,400 $624,000 Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cas the year was $54,300. Net income was reported at $39,500 All work saved Email restructor Save and hp 0 o $ % & * 4 5 6 7 c