Statement of Cash Flow Presented below are the consolidated financial statements of Casual Clothing, Inc.

CASUAL CLOTHING INC. Consolidated Balance Sheet
	12/31/13	12/31/12
Assets
Current assets
Cash and cash equivalents	$8,794	$7,352
Merchandise inventory	94,153	42,045
Accounts receivable (net)	25,700	17,800
Other current assets	35,103	25,393
Total current assets	163,750	92,590
Noncurrent Assets
Buildings, furniture & equipment (net)	1,826,863	1,658,990
Land	2,279,946	1,458,832
Construction in process	615,722	414,725
Intangibles (net)	9,780	6,700
Total assets	$4,896,061	$3,631,837
Liabilities & Shareholders Equity
Current liabilities
Notes payable	$779,904	$176,884
Current maturities of long-term debt	250,000	350,000
Accounts payable	167,207	185,945
Accrued expenses & other liabilities	384,209	351,710
Income taxes payable	17,824	26,263
Total current liabilities	1,599,144	1,090,802
Long-term liabilities
Long-term debt	880,216	780,925
Total liabilities	2,479,360	1,871,727
Shareholders equity
Common stock ($.05 par value)	146,961	146,961
Additional paid-in-capital	1,294,967	1,294,967
Retained earnings	974,773	318,182
Total shareholders equity	2,416,701	1,760,110
Total liabilities & shareholders equity	$4,896,061	$3,631,837

CASUAL CLOTHING INC. Consolidated Statement of Earnings For Year Ended 12/31/13
Net sales	$13,673,460
Costs & expenses
Cost of goods sold	8,599,442
Operating expenses	3,629,257
Interest expense (net)	62,876
	12,291,575
Earnings before income taxes	1,381,885
Income taxes	504,388
Net earnings	$877,497

Note: In 2013, amortization expense for intangibles was $2,700 and depreciation expense for buildings, furniture & equipment was $123,000. Required Using the above financial data, prepare the statement of cash flow for 2013 for Casual Clothing, Inc. using the indirect method.

CASUAL CLOTHING INC. Statement of Cash Flow For Year Ended 2013
AnswerNet incomeCash flow from operationsIncrease in cashAccounts receivableDividends paidDecrease in cashNotes payableCash flow for investingCash, beginning of yearDepreciation expenseLandCash flow from financing
AnswerCash, beginning of yearNet incomeIncrease in cashAccounts receivableDividends paidDecrease in cashLandCash flow from financingCash flow for investingNotes payableCash flow from operationsDepreciation expense		$Answer
Add:	AnswerDepreciation expenseNet incomeDividends paidCash, beginning of yearCash flow from operationsDecrease in cashIncrease in cashLandNotes payableAccounts receivableCash flow from financingCash flow for investing	Answer
	Amortization	Answer
Merchandise inventory		Answer
AnswerAccounts receivableNotes payableCash, beginning of yearCash flow from financingDividends paidDepreciation expenseDecrease in cashCash flow for investingLandNet incomeIncrease in cashCash flow from operations		Answer
Other current assets		Answer
Accounts payable		Answer
Accrued expenses and other liabilities		Answer
Income taxes payable		Answer
AnswerCash, beginning of yearDividends paidLandNotes payableIncrease in cashAccounts receivableCash flow from operationsCash flow for investingCash flow from financingDepreciation expenseNet incomeDecrease in cash		Answer
AnswerDepreciation expenseDividends paidCash flow from operationsLandCash, beginning of yearNet incomeCash flow from financingCash flow for investingAccounts receivableNotes payableIncrease in cashDecrease in cash
Buildings furniture & equipment		Answer
AnswerCash, beginning of yearCash flow from operationsDecrease in cashNet incomeCash flow from financingCash flow for investingDividends paidDepreciation expenseLandAccounts receivableIncrease in cashNotes payable		Answer
Construction-in-process		Answer
Intangibles		Answer
AnswerCash, beginning of yearLandAccounts receivableDividends paidIncrease in cashDepreciation expenseNet incomeCash flow from operationsCash flow from financingDecrease in cashCash flow for investingNotes payable		Answer
AnswerIncrease in cashCash flow from financingLandNotes payableNet incomeAccounts receivableDecrease in cashCash, beginning of yearCash flow from operationsCash flow for investingDividends paidDepreciation expense
AnswerIncrease in cashNotes payableCash flow from operationsCash, beginning of yearNet incomeCash flow from financingAccounts receivableCash flow for investingDepreciation expenseDecrease in cashDividends paidLand		Answer
Current maturities of long-term debt		Answer
Long-term debt		Answer
AnswerDepreciation expenseNet incomeCash, beginning of yearCash flow for investingNotes payableIncrease in cashCash flow from financingDecrease in cashLandDividends paidCash flow from operationsAccounts receivable		Answer
AnswerCash, beginning of yearNet incomeDecrease in cashCash flow from operationsDividends paidCash flow for investingNotes payableIncrease in cashLandCash flow from financingDepreciation expenseAccounts receivable		Answer
AnswerCash flow from financingDecrease in cashIncrease in cashDepreciation expenseNet incomeCash, beginning of yearLandDividends paidCash flow from operationsAccounts receivableCash flow for investingNotes payable		Answer
AnswerIncrease in cashDepreciation expenseDecrease in cashCash flow from operationsCash, beginning of yearNet incomeDividends paidCash flow for investingAccounts receivableNotes payableCash flow from financingLand		Answer
Cash, end of year		$Answer