HELLO, PLEASE HELP! THANK YOU!

Pete Kent and Maria Robles are examining the following statement of cash flows for Cullumber Company for the year ended January 31, 2017.

Pete claims that Cullumber Companys statement of cash flows is an excellent portrayal of a superb first year with cash increasing $95,060. Maria replies that it was not a superb first year. Rather, she says, the year was an operating failure, that the statement is presented incorrectly, and that $95,060 is not the actual increase in cash. The cash balance at the beginning of the year was $140,840.

Using the data provided, prepare a statement of cash flows in proper form using the indirect method. The only noncash items in the income statement are depreciation and the gain from the sale of the investment. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Cullumber Company Statement of Cash Flows For the Year Ended January 31, 2017 Sources of cash From sales of merchandise $383,450 From sale of capital stock 407,260 From sale of investment (purchased below) 79,740 55,480 From depreciation From issuance of note for truck 20,080 From interest on investments 6,012 Total sources of cash 952,022 Uses of cash For purchase of fixtures and equipment 319,240 259,432 For merchandise purchased for resale For operating expenses (including depreciation) 170,310 74,870 For purchase of investment For purchase of truck by issuance of note 20,080 10,060 For purchase of treasury stock For interest on note payable 2,970 Total uses of cash 856,962 $95,060 Net increase in cash