Statement of Cash Flows (Indirect Method) Arctic Company's income statement and comparative balance sheets as of December 31 of 2013 and 2012 follow:

ARCTIC COMPANY Income Statement For the Year Ended December 31, 2013
Sales Revenue		$946,400
Cost of Goods Sold	$694,200
Wages Expense	247,000
Advertising Expense	40,300
Depreciation Expense	28,600
Interest Expense	23,400
Gain on Sale of Land	(32,500)	1,001,000
Net Loss		$(54,600)

ARCTIC COMPANY Balance Sheets
	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash	$63,700	$36,400
Accounts Receivable	54,600	65,000
Inventory	139,100	146,900
Prepaid Advertising	13,000	16,900
Plant Assets	468,000	288,600
Accumulated Depreciation	(101,400)	(72,800)
Total Assets	$637,000	$481,000
Liabilities and Stockholders' Equity
Accounts Payable	$22,100	$40,300
Interest Payable	7,800	-
Bonds Payable	260,000	-
Common Stock	318,500	318,500
Retained Earnings	67,600	122,200
Treasury Stock	(39,000)	-
Total Liabilities and Stockholders' Equity	$637,000	$481,000

During 2013, Arctic sold land for $91,000 cash that had originally cost $58,500. Arctic also purchased equipment for cash, acquired treasury stock for cash, and issued bonds payable for cash. Accounts payable relate to merchandise purchases. Required a. Calculate the change in cash that occurred during 2013. b. Prepare a statement of cash flows using the indirect method. a. Change in Cash during 2013 $Answer AnswerIncreaseDecrease

b. Use a negative sign with cash outflow answers.