Prepare a statement of cash flows for the year ended December 31, using the indirect method to report cash flows from operating activities. The beginning-year cash balance was $223,200.

Note: Use a negative sign for subtractions in the statement of cash flows.

Answer choices:

Indirect Method: Preparing a Statement of Cash Flows Range Company has the following selected data from its annual period ended December 31. Cash paid for acquisition of equipment Cash paid for dividends Cash paid on bond extinguishment Cash received from long-term debt issuance Cash received from sale of equipment Cash, December 31 Cash, January 1 Change in accounts payable Change in accounts receivable Change in merchandise inventory Change in prepaid expenses Change in rent receivable Depreciation expense Net cash flows from investing activities Net cash flows from financing activities Net cash flows from operating activities Net income Net increase in cash during the year Purchased a plant site by issuing capital stock Remaining expenses