Statement of Cash Flows (Indirect Method) The Sweet Company's income statement and comparative balance sheets as of December 31 of 2013 and 2012 are presented below:

SWEET COMPANY Income Statement For the Year Ended December 31, 2013
Sales Revenue		$1,324,400
Cost of Goods Sold	$709,800
Wages Expense	284,200
Depreciation Expense	84,000
Insurance Expense	18,200
Interest Expense	16,800
Income Tax Expense	79,800
Gain on Sale of Equipment	(22,400)	1,170,400
Net Income		$154,000

SWEET COMPANY Balance Sheets
	Dec. 31, 2013	Dec. 31, 2012
Assets
Cash	$32,200	$43,400
Accounts Receivable	95,200	60,200
Inventory	247,800	176,400
Prepaid Insurance	12,600	15,400
Plant Assets	1,241,800	1,078,000
Accumulated Depreciation	(264,600)	(245,000)
Total Assets	$1,365,000	$1,128,400
Liabilities and Stockholders' Equity
Accounts Payable	$51,800	$37,800
Interest Payable	7,000	-
Income Tax Payable	16,800	22,400
Bonds Payable	189,000	112,000
Common Stock	924,000	819,000
Retained Earnings	249,200	137,200
Treasury Stock	(72,800)	-
Total Liabilities and Stockholders' Equity	$1,365,000	$1,128,400

During the year, Sweet Company sold equipment for $37,800 cash that originally cost $79,800 and had $64,400 accumulated depreciation. New equipment was purchased for cash. Bonds payable and common stock were issued for cash. Cash dividends of $42,000 were declared and paid. At the end of the year, shares of treasury stock were purchased for cash. Accounts payable relate to merchandise purchases. Required a. Compute the change in cash that occurred during 2013. b. Prepare a statement of cash flows using the indirect method.

Change is Cash during 2013 $ b. Use a negative sign with cash outflow answers. Cash Flow from Operating Activities Net Loss Add (decuct) items to convert net income to cash basis Depreciation Franchise Amortization Loss on Sale of Equipment Gain on Sale of Equipment Accounts Receivable Inventory Prepaid Insurance Accounts Payable Interest Payable Income Tax Payable Cash Flow from Investing Activities Sale of Equipment Purchase of Equipment Cash Used by Investing Activities Cash Flow from Financing Activities Issuance of Bonds Payable Purchase of Common Stock Payment of Dividends Purchase of Treasury Stock Cash Provided by Financing Activities Net in Cash Cash at Beginning of Year Cash at End of Year in Cash Cash at Beginning of Year Cash at End of Year