Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2016 using the indirect method.

December 31

2015

2016

Land

63,800

21,000

Equipment

504,000

789,600

Inventory

173,000

201,600

Accounts receivable (net)

84,000

151,200

Cash

32,000

63,000

TOTAL

856,800

1,226,400

Share capitalordinary

420,000

487,200

Retained earnings

67,200

205,800

Notes payable - Long-term

168,000

302,400

Notes payable - Short-term (trade)

67,200

29,400

Accounts payable

50,400

86,000

Accumulated depreciation

84,000

115,600

TOTAL

856,800

1,226,400

Additional data for 2016:

1. Net income was 215,200.

2. Depreciation was 31,600.

3. Land was sold at its original cost.

4. Dividends of 76,600 were paid.

5. Equipment was purchased for 84,000 cash.

6. A long-term note for 201,600 was used to pay for an equipment purchase.

7. Ordinary shares were issued to pay a 67,200 long-term note payable.

Answer the following questions based on your calculations:

1- Cash inflows from operating activities = Answer 1

2- Cash outflow from investing activities = Answer 2

3- Cash outflow from financing activities = Answer 3

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