Increase in Inventory

Proceeds from Flood Damage to Building

Cash Paid During the Year for Income Taxes

Sale of Investments

Purchased Equipment by Issuing Notes Payable

Depreciation Expense

Payment of Dividends

Increase in Accounts Payable

Retired Notes Payable by Issuing Common Stock

Decrease in Inventory

Gain on Sale of Equipment

Sale of Equipment

Purchase of Equipment

Cash Paid During the Year for Interest

Loss on Sale of Investments

Net Income

Decrease in Accounts Receivable (Net)

Gain on Sale of Investments

Loss on Sale of Equipment

Decrease in Accounts Payable

Increase in Accounts Receivable (Net)

Payment of Short-term Note Payable

Gain from Flood Damage

Loss from Flood Damage

Patent Amortization

$

The comparative balance sheets for Flounder Corporation show the following information. December 31 2017 2016 $33,700 12,300 12,200 -0- -0- 44,600 5,100 $13,200 9,900 9,100 3,000 30,000 20,200 6,400 $107,900 $91,800 Allowance for doubtful accounts Accumulated depreciationequipment $3,100 2,000 $4,600 4,400 Accumulated depreciationbuilding Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings -0- 5,100 -0- 2,900 31,000 43,000 20,800 5,900 3,000 4,900 4,100 25,000 33,000 6,900 $107,900 $91,800 Cash Accounts receivable Inventory Available-for-sale debt investments Buildings Equipment Patents Additional data related to 2017 are as follows. 1 . 2 . 3 . 4 . 5 . 6 . 7 . 8 . Equipment that had cost $11,100 and was 40% depreciated at time of disposal was sold for $2,500. $10,000 of the long-term note payable was paid by issuing common stock. Cash dividends paid were $4,900. On January 1, 2017, the building was completely destroyed by a flood. Insurance proceeds on the building were $30,000 (net of $2,000 taxes). Investments (available-for-sale) were sold at $1,700 above their cost. The company has made similar sales and investments in the past. Cash was paid for the acquisition of equipment. A long-term note for $16,000 was issued for the acquisition of equipment. Interest of $2,000 and income taxes of $6,500 were paid in cash. Prepare a statement of cash flows using the indirect method. Flood damage is unusual and infrequent in that part of the country. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) FLOUNDER CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to $ $ Supplemental disclosures of cash flow information: $ $ $ $