he following balances are available for Chrisman Company:

	December 31
	2017		2016
Cash	$9,000		$11,300
Accounts receivable	22,500		16,900
Inventory	17,900		29,900
Prepaid rent	10,100		6,800
Land	84,400		84,400
Plant and equipment	450,000		337,500
Accumulated depreciation	(73,100)		(33,800)
Totals	$520,800		$453,000
Accounts payable	$13,500		$11,300
Income taxes payable	3,400		5,600
Short-term notes payable	39,400		28,100
Bonds payable	84,000		113,000
Common stock	225,000		168,800
Retained earnings	155,500		126,200
Totals	$520,800		$453,000

Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $39,300. Net income was reported at $29,300.

Required:

Question Content Area

1. Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash.

Chrisman Company Statement of Cash Flows For the Year Ended December 31, 2017

Cash Flows from Operating Activities
Cash collected from customersCash dividends paidIssuance of common stockNet incomeNet increase in cashRetained earningsNet income	$Net income
Adjustments to reconcile net income to net cash provided by operating activities:
Acquisition of landAcquisition of plant and equipmentDepreciation expenseIssuance of bonds payableIssuance of short-term notes payableRetirement of bonds payableDepreciation expense	Depreciation expense
Acquisition of plant and equipmentDecrease in accounts payableDecrease in accounts receivableIncrease in accounts receivableIssuance of short-term notes payableRetirement of bonds payableIncrease in accounts receivable	Increase in accounts receivable
Acquisition of plant and equipmentDecrease in inventoryIncrease in income taxes payableIncrease in inventoryIssuance of short-term notes payableRetirement of bonds payableDecrease in inventory	Decrease in inventory
Acquisition of plant and equipmentDecrease in prepaid rentIncrease in landIncrease in prepaid rentIssuance of short-term notes payableRetirement of bonds payableIncrease in prepaid rent	Increase in prepaid rent
Acquisition of plant and equipmentDecrease in accounts payableDecrease in accounts receivableIncrease in accounts payableIssuance of short-term notes payableRetirement of bonds payableIncrease in accounts payable	Increase in accounts payable
Acquisition of plant and equipmentDecrease in accounts payableDecrease in income taxes payableIncrease in income taxes payableIssuance of short-term notes payableRetirement of bonds payableDecrease in income taxes payable	Decrease in income taxes payable
Net cash provided by operating activitiesNet cash used in operating activitiesNet cash provided by operating activities	$Net cash provided by operating activities
Cash Flows from Investing Activities
Acquisition of plant and equipmentDecrease in accounts payableDecrease in income taxes payableIncrease in income taxes payableIssuance of short-term notes payableRetirement of bonds payableAcquisition of plant and equipment	$Acquisition of plant and equipment
Cash Flows from Financing Activities
Acquisition of plant and equipmentDecrease in income taxes payableDecrease in inventoryIncrease in prepaid rentIssuance of bonds payableRetirement of bonds payableRetirement of bonds payable	$Retirement of bonds payable
Acquisition of plant and equipmentDecrease in inventoryDepreciation expenseIncrease in accounts payableIssuance of short-term notes payablePayment of short-term notes payableIssuance of short-term notes payable	Issuance of short-term notes payable
Acquisition of plant and equipmentDecrease in inventoryDepreciation expenseIncrease in accounts receivableIssuance of common stockPayment of cash dividendsIssuance of common stock	Issuance of common stock
Net cash provided by financing activitiesNet cash used in financing activitiesNet cash provided by financing activities	$Net cash provided by financing activities
Net decrease in cashNet increase in cashNet decrease in cash	$Net decrease in cash
Cash balance, December 31, 2016	fill in the blank 93f9ba00506bfcc_29
Cash balance, December 31, 2017	$fill in the blank 93f9ba00506bfcc_30