Johnson Software Inc.
	Statement of Cash Flows
	For the Year Ended December 31, 2017
	Cash flows from operating activities:
	Net income
	Adjustments to reconcile net income to
	net cash provided by operating activities:
	Depreciation
	Loss on sale of equipment
	Increase in accounts receivable
	Increase in inventories
	Increase in prepaid expenses
	Increase in accounts payable
	Increase in income tax payable
	Decrease in accrued liabilities
	Net cash provided by operating activities

	Cash flows from investing activities:
	Purchase of building
	Purchase of long-term investment
	Proceeds from sale of equipment
	Collection of loan
	Net cash used for investing activities

	Cash flows from financing activities:
	Issuance of common shares
	Issuance of long-term note payable
	Payment of cash dividends
	Repurchase of common shares
	Net cash provided by financing activities

	Net increase (decrease) in cash
	Cash balance, December 31, 2016
	Cash balance, December 31, 2017
	Non-cash investing and financing activities:
	Acquisition of land by issuing long-term
	note payable
	Repayment of bonds payable by issuing
	common shares
	Total non-cash investing and financing activities

How much of the cash used for investing activities was provided by operations?

Operations provided

$nothing

of the cash used in the investing activities.

Transaction Data for 2017: 14,500 8,000 18,600 Acquisition of land by issuing long-term note payable ......$ Stock dividends Collection of loan Depreciation expense ............ Purchase of building............. Repayment of bonds payable by issuing common shares ..... Purchase of long-term Repurchase of common shares .. $ 104,000 Loss on sale of equipment ...... 31,800 Payment of cash dividends ....... 10,600 Issuance of long-term note 24,000 payable to borrow cash ... 64,000 Net income. ................... Issuance of common shares 62,000 for cash ...... Proceeds from sale of 44,800 equipment 34,100 60,000 36,100 investment ............... 59,000 December 31, 2017 2016 Current Accounts: Current assets: Cash and cash equivalents Accounts receivable ....$ ........ 83,900 $ 69,600 88,600 3,200 18,000 64,900 78,000 2,400 Inventories Prepaid expenses Current liabilities: Accounts payable 57,500 18,900 56,200 16,400 Income tax payable