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	$15,000	$90,000
Marketable securities	200,000	-
Accounts receivable (net)	590,000	440,000
Inventory	600,000	615,000
Total current assets	1,405,000	1,145,000
Noncurrent
Long-term investments	310,000	390,000
Property & equipment	1,800,000	1,100,000
Less: Accumulated depreciation	(500,000)	(500,000)
Property & equipment (net)	1,300,000	600,000
Intangibles (net)	95,000	105,000
Total noncurrent assets	1,705,000	1,095,000
Total assets	$3,110,000	$2,240,000
Liabilities & Shareholders Equity
Accounts payable	$900,000	$850,000
Short-term bank debt	190,000	-
Total liabilities	1,090,000	850,000
Shareholders equity
Common stock, $10 par value	775,000	675,000
Additional paid-in-capital	380,000	300,000
Retained earnings	865,000	415,000
Total shareholders equity	2,020,000	1,390,000
Total liabilities & shareholders equity	$3,110,000	$2,240,000

AMPHLETT CORPORATION Consolidated Income Statement
For Year Ended ($ thousands)	2013	2012
Revenues	$1,430,000	$1,200,000
Less: Cost of goods sold	500,000	420,000
Gross margin	930,000	780,000
Less: Selling, general & administrative expenses	150,000	120,000
Operating income	780,000	660,000
Gain on sale of investments	70,000	-
Net income before taxes	850,000	660,000
Less: Income taxes	50,000	11,000
Net income after taxes	$800,000	$649,000

The footnotes to the Amphlett Corporations financial statements revealed the following additional information:

Property and equipment costing $450 million was sold for its book value of $200 million.

Long-term investments were sold for $150 million, which included a gain of $70 million.

Required Using the above financial data for the Amphlett Corporation, prepare the firms statement of cash flow for 2013 using the indirect method.

Amphlett Corporation Statement of Cash Flows For Year Ended 2013
(in thousands)
AnswerIncrease in cashGain on sale of investmentsCash flow from financingNet incomeCash flow from operationsDividends paidDepreciation expenseAccounts payableSale of property and equipmentDecrease in cashCash flow for investing
AnswerIncrease in cashCash flow from financingAccounts payableCash flow for investingDividends paidGain on sale of investmentsSale of property and equipmentNet incomeDepreciation expenseCash flow from operationsDecrease in cash		$Answer
Add:	AnswerCash flow for investingCash flow from operationsIncrease in cashCash flow from financingGain on sale of investmentsDepreciation expenseAccounts payableDecrease in cashSale of property and equipmentNet incomeDividends paid	Answer
Amortization expense		Answer
Less:	AnswerIncrease in cashNet incomeDividends paidGain on sale of investmentsDecrease in cashCash flow from operationsCost of goods soldDepreciation expenseCash flow from financingCash flow for investingSale of property and equipment	Answer
Accounts receivable (net)		Answer
Inventory		Answer
AnswerCash flow for investingDecrease in cashCash flow from financingIncrease in cashDepreciation expenseNet incomeSale of property and equipmentDividends paidCash flow from operationsAccounts payableCost of goods sold		Answer
AnswerCash flow for investingSale of property and equipmentGain on sale of investmentsIncrease in cashCash flow from financingNet incomeCash flow from operationsDepreciation expenseDecrease in cashAccounts payableDividends paid		Answer
AnswerIncrease in cashCash flow from operationsCash flow for investingAccounts payableSale of property and equipmentNet incomeCash flow from financingDecrease in cashGain on sale of investmentsDividends paidDepreciation expense
Marketable securities		Answer
Long-term investments		Answer
Purchase of property and equipment		Answer
AnswerDepreciation expenseCash flow from financingNet incomeIncrease in cashAccounts payableDividends paidDecrease in cashGain on sale of investmentsCash flow from operationsCash flow for investingSale of property and equipment		Answer
AnswerDecrease in cashCash flow from operationsDividends paidNet incomeDepreciation expenseIncrease in cashCash flow from financingCash flow for investingAccounts payableSale of property and equipmentGain on sale of investments		Answer
AnswerGain on sale of investmentsDepreciation expenseNet incomeDecrease in cashCash flow for investingCash flow from operationsDividends paidAccounts payableSale of property and equipmentIncrease in cashCash flow from financing
Short-term bank debt		Answer
Common stock + additional paid in capital		Answer
AnswerNet incomeCash flow from financingDividends paidDecrease in cashGain on sale of investmentsAccounts payableSale of property and equipmentIncrease in cashCash flow from operationsDepreciation expenseCash flow for investing		Answer
AnswerGain on sale of investmentsSale of property and equipmentIncrease in cashNet incomeAccounts payableCash flow from financingDecrease in cashCash flow for investingCash flow from operationsDividends paidDepreciation expense		Answer
AnswerGain on sale of investmentsDecrease in cashCash flow from financingSale of property and equipmentDepreciation expenseDividends paidCash flow for investingAccounts payableCash flow from operationsNet incomeIncrease in cash		Answer
Cash, beginning of year		Answer
Cash, end of year		$Answer