Exercise 12-5

The following information is available for Stamos Corporation for the year ended December 31, 2017.

Beginning cash balance$45,000Accounts payable decrease3,700Depreciation expense162,000Accounts receivable increase8,200Inventory increase11,000Net income284,100Cash received for sale of land at book value35,000Cash dividends paid12,000Income taxes payable increase4,700Cash used to purchase building289,000Cash used to purchase treasury stock26,000Cash received from issuing bonds200,000

Create a statement of cash flows using the indirect method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)