Question 4 of 4 Mitch Company Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 93000 Adjustments to reconcile net income to Net Increase in Cash Depreciation Expense $ 34000 Increase in Accounts Receivable - 12000 Decrease in Inventory 22000 Decrease in Accounts Payable -4000 40000 Net Decrease in Cash 133000 Cash Flows from Investing Activities Sale of Land 20000 Purchase of Equipment -60000 Net Decrease in Cash 0000 Questiotr 4 of 4 133000 Net Decrease in Cash Cash Flows from Investing Activities 20000 Sale of Land -60000 Purchase of Equipment -40000 Net Decrease in Cash Cash Flows from Financing Activities Issuance of Common Stock 42000 Redemption of Bonds -50000 Payment of Cash Dividends -39000 Net Cash used by Financing Activities 47000 Net Increase in Cash 46000 Cashot Beginning of Period 22000 Cash at End of Period 68000 Question 4 of 4 Mitch Company Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 93000 Adjustments to reconcile net income to Net Increase in Cash Depreciation Expense $ 34000 Increase in Accounts Receivable - 12000 Decrease in Inventory 22000 Decrease in Accounts Payable -4000 40000 Net Decrease in Cash 133000 Cash Flows from Investing Activities Sale of Land 20000 Purchase of Equipment -60000 Net Decrease in Cash 0000 Questiotr 4 of 4 133000 Net Decrease in Cash Cash Flows from Investing Activities 20000 Sale of Land -60000 Purchase of Equipment -40000 Net Decrease in Cash Cash Flows from Financing Activities Issuance of Common Stock 42000 Redemption of Bonds -50000 Payment of Cash Dividends -39000 Net Cash used by Financing Activities 47000 Net Increase in Cash 46000 Cashot Beginning of Period 22000 Cash at End of Period 68000