Fannin had cash on hand at 1/1/2019 of $118,250.

	Required:
	Prepare a properly formatted statement of cash flows using the indirect method.

Thstructions Fannin Company is a manufacturer of premium athletic equipment. Fannin reported the following inflows and outflows of cash during 2019. Net income $594,600 Cash received from sale of investment $ 22,850 Increase in accounts receivable 101,325 Decrease in inventory 23,400 61,250 47,600 31,550 Cash paid for property, plant, and equipment Depreciation expense Proceeds from issuance of note payable Payment on bonds payable Decrease in prepaid insurance Decrease in accounts payable 93,410 50,000 200,000 20,000 30,000 Decrease in income taxes payable 7,600 Cash received from issuance of common stock Increase in wages payable 18,200 Payment of cash dividends Fannin had cash on hand at 1/1/2019 of $118,250