Key Code: Key code here Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. The optional work sheet will not be graded, but is provided as an aid in determining amounts for the statement. Cash flows from operating activities: Net income (loss) COULSON INC. Statement of Cash Flows For the Year Ended December 31, 20Y2 Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of land Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories (94,800) Decrease in prepaid expenses Decrease in accounts payable Increase in income taxes payable Net cash flow from operating activities Cash flows from investing activities: Cash received from land sold Cash paid for acquisition of building Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from financing activities; Cash received from issuance of bonds payable Cash received from issuance of common stock Cash paid for dividends Net cash flow provided by financing activities Net change in cash Cash at the beginning of the year Cash at the end of the year (52,800) 7,800 4,800 (990,000) $ 330,000 $ (37,200) 337,800 $ 300,600