HiDef Films , Inc., is developing its annual financial statements at December 31, 2012. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows:

	2012		2011
Balance sheet at December 31
Cash	$	69,350			$	65,300
Accounts receivable		17,650				24,250
Merchandise inventory		24,250				19,000
Property and equipment		211,750				151,400
Less: Accumulated depreciation		(61,000	)			(46,850	)
	$	262,000			$	213,100
Accounts payable	$	11,200			$	21,600
Wages payable		6,200				2,400
Note payable, long-term		62,100				73,900
Contributed capital		101,400				66,800
Retained earnings		81,100				48,400
	$	262,000			$	213,100
Income statement for 2012
Sales	$	204,000
Cost of goods sold		101,000
Depreciation expense		14,150
Other expenses		43,900
Net income	$	44,950

Additional Data:
a.	Bought equipment for cash, $60,350.
b.	Paid $11,800 on the long-term note payable.
c.	Issued new shares of stock for $34,600 cash.
d.	Dividends of $12,250 were declared and paid.
e.	Other expenses all relate to wages.
f.	Accounts payable includes only inventory purchases made on credit.

Required:
1.	Prepare the statement of cash flows using the indirect method for the year ended December 31, 2012.(Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)

HIDEF FILMS, INC. Statement of Cash Flows For the Year Ended December 31, 2012
Cash flows from operating activities:
(Click to select)Net lossNet income		$
Adjustments to reconcile net income to net cash provided by operating activities:
(Click to select)Increase in wages payableDecrease in wages payableDepreciation expenseDecrease in accounts payableDecrease in accounts receivableIncrease in accounts payableIncrease in merchandise inventory	$
(Click to select)Decrease in accounts receivableIncrease in wages payableDepreciation expenseDecrease in wages payableDecrease in accounts payableIncrease in accounts payableIncrease in merchandise inventory
(Click to select)Decrease in accounts payableIncrease in merchandise inventoryDecrease in wages payableIncrease in accounts payableIncrease in wages payableDepreciation expenseDecrease in accounts receivable
(Click to select)Decrease in wages payableIncrease in merchandise inventoryIncrease in accounts payableIncrease in wages payableDecrease in accounts payableDepreciation expenseDecrease in accounts receivable
(Click to select)Decrease in wages payableIncrease in wages payableDepreciation expenseIncrease in merchandise inventoryIncrease in accounts payableDecrease in accounts receivableDecrease in accounts payable
Net cash(Click to select)provided byused inoperating activities
Cash flows from investing activities:
(Click to select)Increase in merchandise inventoryNet increase in cash during the yearNet decrease in cash during the yearIncrease in wages payableCash payments to purchase fixed assetsDecrease in accounts receivableDepreciation expense
Net cash(Click to select)used byprovided byinvesting activities
Cash flows from financing activities:
(Click to select)Decrease in accounts receivableDecrease in accounts payableCash payments on long-term noteCash payments for dividendsCash receipts from issuing stockIncrease in merchandise inventoryIncrease in wages payable
(Click to select)Increase in wages payableDecrease in accounts payableDecrease in accounts receivableCash receipts from issuing stockCash payments for dividendsIncrease in merchandise inventoryCash payments on long-term note
(Click to select)Cash payments for dividendsDecrease in accounts receivableCash payments on long-term noteDecrease in accounts payableIncrease in merchandise inventoryIncrease in wages payableCash receipts from issuing stock
Net cash(Click to select)provided byused infinancing activities
(Click to select)Net increase in cash during the yearIncrease in wages payableDepreciation expenseIncrease in merchandise inventoryDecrease in accounts receivableNet decrease in cash during the yearCash payments to purchase fixed assets
Cash balance, January 1, 2012
Cash balance, December 31, 2012		$