need net decrease in cash and cash balances

Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: Cash Accounts receivable Inventory Prepaid rent Land Plant and equipment Accumulated depreciation Totals December 31 2017 2016 $11,400 $14,300 28,500 21,400 22,600 37,700 12,800 8,600 106,900 106,900 570,000 427,500 (92,600) (42,800) $659,600 $573,600 Accounts payable Income taxes payable Short-term notes payable Bonds payable Common stock Retained earnings $17,100 4,300 49,900 107,000 285,000 196,300 $659,500 $14,300 7,100 35,600 143,000 213,800 159,800 $573,600 Totals Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $49,800. Net income was reported at $36,500. Chrisman Company Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 36,500 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense 49,800 Increase in accounts receivable -7,100 Decrease in inventory 15,100 Increase in prepaid rent -4,200 Increase in accounts payable 2,800 Decrease in income taxes payable -2.800 Net cash provided by operating activities 90,100 - 142,500 Cash Flows from Investing Activities Acquisition of plant and equipment Cash Flows from Financing Activities Retirement of bonds payable .-36,000 Issuance of short-term notes payable 14.300 Issuance of common stock 71.200 Net cash provided by financing activities 49.500 Check My Work CUVUN Increase in accounts payable 2,800 Decrease in Income taxes payable -2,800 Net cash provided by operating activities 90,100 Cash Flows from Investing Activities Acquisition of plant and equipment -142,500 Cash Flows from Financing Activities Retirement of bonds payable -36,000 Issuance of short-term notes payable 14,300 Issuance of common stock 71,200 Net cash provided by financing activities 49,500 Net decrease in cash Cash balance, December 31, 2016 Cash balance, December 31, 2017