Presented below are the financial statements for the Amphlett Corporation, as of year-end 2012 and 2013.

AMPHLETT CORPORATION Consolidated Balance Sheets
As of Year-End ($ thousands)	2013	2012
Assets
Current
Cash	$15,000	$90,000
Marketable securities	200,000	-
Accounts receivable (net)	590,000	440,000
Inventory	600,000	615,000
Total current assets	1,405,000	1,145,000
Noncurrent
Long-term investments	310,000	390,000
Property & equipment	1,800,000	1,100,000
Less: Accumulated depreciation	(500,000)	(500,000)
Property & equipment (net)	1,300,000	600,000
Intangibles (net)	95,000	105,000
Total noncurrent assets	1,705,000	1,095,000
Total assets	$3,110,000	$2,240,000
Liabilities & Shareholders Equity
Accounts payable	$900,000	$850,000
Short-term bank debt	190,000	-
Total liabilities	1,090,000	850,000
Shareholders equity
Common stock, $10 par value	775,000	675,000
Additional paid-in-capital	380,000	300,000
Retained earnings	865,000	415,000
Total shareholders equity	2,020,000	1,390,000
Total liabilities & shareholders equity	$3,110,000	$2,240,000

AMPHLETT CORPORATION Consolidated Income Statement
For Year Ended ($ thousands)	2013	2012
Revenues	$1,430,000	$1,200,000
Less: Cost of goods sold	500,000	420,000
Gross margin	930,000	780,000
Less: Selling, general & administrative expenses	150,000	120,000
Operating income	780,000	660,000
Gain on sale of investments	70,000	-
Net income before taxes	850,000	660,000
Less: Income taxes	50,000	11,000
Net income after taxes	$800,000	$649,000

The footnotes to the Amphlett Corporations financial statements revealed the following additional information:

Property and equipment costing $450 million was sold for its book value of $200 million.

Long-term investments were sold for $150 million, which included a gain of $70 million.

Required Using the above financial data for the Amphlett Corporation, prepare the firms statement of cash flow for 2013 using the indirect method.

Amphlett Corporation Statement of Cash Flows For Year Ended 2013
(in thousands)
AnswerSale of property and equipmentCash flow from operationsCash flow for investingDecrease in cashDividends paidNet incomeCash flow from financingGain on sale of investmentsIncrease in cashDepreciation expenseAccounts payable
AnswerCash flow from operationsIncrease in cashDividends paidAccounts payableNet incomeDepreciation expenseGain on sale of investmentsDecrease in cashCash flow for investingSale of property and equipmentCash flow from financing		$Answer
Add:	AnswerNet incomeDividends paidCash flow from operationsCash flow from financingDecrease in cashGain on sale of investmentsIncrease in cashSale of property and equipmentDepreciation expenseCash flow for investingAccounts payable	Answer
Amortization expense		Answer
Less:	AnswerCash flow from operationsIncrease in cashDepreciation expenseCost of goods soldGain on sale of investmentsCash flow from financingNet incomeDecrease in cashDividends paidSale of property and equipmentCash flow for investing	Answer
Accounts receivable (net)		Answer
Inventory		Answer
AnswerCost of goods soldDepreciation expenseCash flow from operationsSale of property and equipmentDividends paidDecrease in cashCash flow for investingIncrease in cashAccounts payableCash flow from financingNet income		Answer
AnswerCash flow for investingCash flow from financingCash flow from operationsGain on sale of investmentsAccounts payableNet incomeIncrease in cashDecrease in cashSale of property and equipmentDividends paidDepreciation expense		Answer
AnswerAccounts payableIncrease in cashCash flow from operationsDividends paidDecrease in cashCash flow for investingCash flow from financingNet incomeSale of property and equipmentDepreciation expenseGain on sale of investments
Marketable securities		Answer
Long-term investments		Answer
Purchase of property and equipment		Answer
AnswerGain on sale of investmentsCash flow from financingSale of property and equipmentCash flow from operationsDecrease in cashCash flow for investingAccounts payableNet incomeIncrease in cashDepreciation expenseDividends paid		Answer
AnswerSale of property and equipmentAccounts payableIncrease in cashCash flow from operationsCash flow for investingNet incomeCash flow from financingGain on sale of investmentsDividends paidDepreciation expenseDecrease in cash		Answer
AnswerDepreciation expenseAccounts payableSale of property and equipmentCash flow for investingGain on sale of investmentsIncrease in cashNet incomeDividends paidDecrease in cashCash flow from operationsCash flow from financing
Short-term bank debt		Answer
Common stock + additional paid in capital		Answer
AnswerDepreciation expenseAccounts payableNet incomeGain on sale of investmentsIncrease in cashSale of property and equipmentCash flow from financingDividends paidCash flow from operationsDecrease in cashCash flow for investing		Answer
AnswerSale of property and equipmentCash flow for investingNet incomeDecrease in cashIncrease in cashDividends paidGain on sale of investmentsCash flow from financingAccounts payableCash flow from operationsDepreciation expense		Answer
Cash flow from financingDecrease in cashCash flow for investingIncrease in cashDividends paidCash flow from operationsNet incomeAccounts payableGain on sale of investmentsDepreciation expenseSale of property and equipment		Answer
Cash, beginning of year		Answer
Cash, end of year		$Answer