Gains and Losses on the Sale of Long-Term Assets

The income statement for Dreamweaver Sports Camp follows. Assume that all revenues and expenses were for cash and that land was sold for $500. There were no other investing or financing activities during the year. The Cash balances at the beginning and end of the year were $100 and $1,230, respectively.

Dreamweaver Sports Camp Income Statement For Year Ended December 31, 20-2
Sales (all cash)		$2,200
Wages expense (all cash)		1,570
Operating income		$630
Gain on sale of land		100
Net income		$730

Prepare a statement of cash flows under the indirect method. Use a minus to indicate any decreases in cash or cash outflows.

Dreamweaver Sports Camp
Statement of Cash Flows
For Year Ended December 31, 20-2
Cash flows from operating activities:
	$fill in the blank 87197700b040f88_2
	fill in the blank 87197700b040f88_4
Net cash provided by operating activities		$fill in the blank 87197700b040f88_5
Investing activities:
		fill in the blank 87197700b040f88_7
		$fill in the blank 87197700b040f88_9
Cash, January 1, 20-2		fill in the blank 87197700b040f88_10
Cash, December 31, 20-2		$