Rundell Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from operating activities: $108,000 Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation.... 7,000 (12,000) Gain on sale of land Changes in current operating assets and liabilities: Increase in accounts receivable . (9,000) Decrease in inventories. ... 8,000 Decrease in accounts payable. Increase in accrued expenses paya ble Decrease in income taxes payable. Net cash flow from operating activities Cash flows from (used for) investing activities: Cash from sale of land... Cash used for purchase of land Cash used for purchase of build ing Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash from sale of common stock. .. Cash used to retire bonds payable . Cash used for dividends... (3,200) 2,200 (500) $100,500 $72,000 (15,000) (60,000) (3,000) $ 48,000 (50,000) (24,000) (26,000) $71,500 Net cash flow used for financing activities Increase (decrease) in cash ... Cash at the beginning of the year Cash at the end of the year 26,000 $ 97,500 Rundell Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from operating activities: $108,000 Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation.... 7,000 (12,000) Gain on sale of land Changes in current operating assets and liabilities: Increase in accounts receivable . (9,000) Decrease in inventories. ... 8,000 Decrease in accounts payable. Increase in accrued expenses paya ble Decrease in income taxes payable. Net cash flow from operating activities Cash flows from (used for) investing activities: Cash from sale of land... Cash used for purchase of land Cash used for purchase of build ing Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash from sale of common stock. .. Cash used to retire bonds payable . Cash used for dividends... (3,200) 2,200 (500) $100,500 $72,000 (15,000) (60,000) (3,000) $ 48,000 (50,000) (24,000) (26,000) $71,500 Net cash flow used for financing activities Increase (decrease) in cash ... Cash at the beginning of the year Cash at the end of the year 26,000 $ 97,500