Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc. for the first year of operations, but does not understand how to prepare the cash flow statement. The income statement and balance sheet appear below. Recall that the company started operations on November 1, 2020, so all of the opening balances are zero. Additional information:

1.		The company bought kitchen equipment (a commercial oven) for $29,000 on November 1, 2020, and signed a $12,000 note payable to help pay for it. The terms provide for semiannual fixed principal payments of $2,000 on May 1 and November 1 of each year, plus interest of 5%. All other furniture, fixture, and equipment were purchased during the year for cash.
2.		Recall from Chapter 11 that the company originally issued 25,930 common shares for $25,930, of which 750 shares were repurchased from the lawyer for $500.

COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2021
Sales revenue				$462,500
Cost of goods sold				231,250
Gross profit				231,250
Operating expenses
Salaries and wages expense		$92,500
Depreciation expense		3,900
Other operating expenses		35,987		132,387
Income from operations				98,863
Other expenses
Interest expense				413
Income before income tax				98,450
Income tax expense				19,690
Net income				$78,760

COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, 2021
Assets
Current assets
Cash					$86,219
Accounts receivable					3,250
Inventory					17,897
Prepaid expenses					6,300			$113,666
Property, plant, and equipment
Furniture and fixtures		$12,500
Accumulated depreciationfurniture and fixtures		(1,250	)		11,250
Computer equipment		4,200
Accumulated depreciationcomputer equipment		(600	)		3,600
Kitchen equipment		29,000
Accumulated depreciationkitchen equipment		(2,050	)		26,950			41,800
Total assets								$155,466
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable					$5,848
Income tax payable					19,690
Dividends payable					700
Salaries and wages payable					2,250
Interest payable					188
Note payablecurrent portion					4,000			$32,676
Long-term liabilities
Note payablelong-term portion								6,000
Total liabilities								38,676
Stockholders' equity
Paid-in capital
Preferred stock, 2,800 shares issued and outstanding		$14,000
Common stock, 25,930 shares issued, 25,180 shares outstanding		25,930			39,930
Retained earnings					77,360
Total paid-in capital and retained earnings					117,290
Less: Treasury stock (750 common shares)					500
Total stockholders equity								116,790
Total liabilities and stockholders' equity								$155,466

3.		Recall from Chapter 11 that the company declared a semiannual dividend to the preferred stockholders on April 30, and the dividend was paid on June 1. The second semiannual dividend was declared to the preferred stockholders on October 31, to be paid on December 1.
4.		Prepaid expenses relate only to operating expenses.

(a)

Prepare a statement of cash flows for Cookie & Coffee Creations Inc. for the year ended October 31, 2021, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). If answer is 0, please enter 0. Do not leave any fields blank.)

COOKIE & COFFEE CREATIONS INC. Cash Flow Statement choose the accounting period October 31, 2021Year Ended October 31, 2021Month Ended October 31, 2021