MONTGOMERY, INC.
Statement of Cash Flows (Indirect Method)
For Year Ended December 31, 2016
Cash flows from operating activities
Net Income	$8,900
Adjustments to reconcile net income to net cash provided by operations:
Changes in current operating assets and liabilities
Depreciation expense	6,100
Increase in accounts receivable
$15,000
Cash flows from investing activities
$0
Cash flows from financing activities
$0
Net increase in cash	$15,000
Cash balance at beginning of year
Cash balance at end of year	$15,000