Problem 12-101 [LO2]

Charlotte Company's net income last year was $92,700. Changes in the company's balance sheet accounts for the year appear below:

Asset and Contra-Asset Accounts:		Increases (Decreases)
Cash		$	(12,700)
Accounts receivable		$	16,350
Inventory		$	21,400
Prepaid expenses		$	(8,200)
Long-term investments		$	30,600
Property, plant and equipment		$	60,600
Accumulated depreciation		$	36,600
Liability and Equity Accounts:
Accounts payable		$	(21,400)
Accrued liabilities		$	14,350
Income taxes payable		$	42,800
Bonds payable		$	(50,900)
Common stock		$	20,400
Retained earnings		$	66,200

The company did not dispose of any property, plant, and equipment, sell any long-term investments, issue any bonds payable, or repurchase any of its own common stock during the year. The company declared and paid a cash dividend.

Required:

a. Construct in good form the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) (Negative amounts and amounts to be deducted should be indicated by a minus sign.) b, Construct in good form the investing activities section of the company's statement of cash flows for the year. (Negative amounts and amounts to be deducted should be indicated by a minus sign.)

c.

Construct in good form the financing activities section of the company's statement of cash flows for the year. (Negative amounts and amounts to be deducted should be indicated by a minus sign.)