Statement of Cash Flow Presented below are the financial statements for the Amphlett Corporation, as of year-end 2012 and 2013. AMPHLETT CORPORATION Consolidated Balance Sheets As of Year-End ($ thousands) 2013 2012 Assets Current Cash $9,000 $54,000 Marketable securities 120,000 - Accounts receivable (net) 354,000 264,000 Inventory 360,000 369,000 Total current assets 843,000 687,000 Noncurrent Long-term investments 186,000 234,000 Property & equipment 1,080,000 660,000 Less: Accumulated depreciation (300,000) (300,000) Property & equipment (net) 780,000 360,000 Intangibles (net) 57,000 63,000 Total noncurrent assets 1,023,000 657,000 Total assets $1,866,000 $1,344,000 Liabilities & Shareholders' Equity Accounts payable $540,000 $510,000 Short-term bank debt 114,000 - Total liabilities 654,000 510,000 Shareholders' equity Common stock, $10 par value 465,000 405,000 Additional paid-in-capital 228,000 180,000 Retained earnings 519,000 249,000 Total shareholders' equity 1,212,000 834,000 Total liabilities & shareholders' equity $1,866,000 $1,344,000 AMPHLETT CORPORATION Consolidated Income Statement For Year Ended ($ thousands) 2013 2012 Revenues $858,000 $720,000 Less: Cost of goods sold 300,000 252,000 Gross margin 558,000 468,000 Less: Selling, general & administrative expenses 90,000 72,000 Operating income 468,000 396,000 Gain on sale of investments 42,000 - Net income before taxes 510,000 396,000 Less: Income taxes 30,000 6,600 Net income after taxes $480,000 $389,400 The footnotes to the Amphlett Corporation's financial statements revealed the following additional information: Property and equipment costing $270 million was sold for its book value of $120 million. Long-term investments were sold for $90 million, which included a gain of $42 million. Required Using the above financial data for the Amphlett Corporation, prepare the firm's statement of cash flow for 2013 using the indirect method. Use a negative sign with answers to indicate a decrease in cash. Amphlett Corporation Statement of Cash Flows For Year Ended 2013 (in thousands) Add: Amortization expense Less: Accounts receivable (net) Inventory Marketable securities Long-term investments Purchase of property and equipment Short-term bank debt Common stock + additional paid in capital Cash, beginning of year Cash, end of year