Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation to prepare a statement of cash flows using the indirect method:

Accounts payable increase	$16,500
Accounts receivable increase	6,000
Accrued liabilities decrease	4,500
Amortization expense	39,000
Cash balance, January 1	33,000
Cash balance, December 31	175,500
Cash paid as dividends	73,500
Cash paid to purchase land	150,000
Cash paid to retire bonds payable at par	105,000
Cash received from issuance of common stock	112,500
Cash received from sale of equipment	25,500
Depreciation expense	103,500
Gain on sale of equipment	21,000
Inventory decrease	19,500
Net income	189,000
Prepaid expenses increase	3,000

Remember to use negative signs with answers when appropriate.

FREMANTLE CORPORATION Statement of Cash Flows For Year Ended December 31
Cash Flow from Operating Activities
Net Income
Add (deduct) items to convert net income to cash basis
Depreciation
Amortization
Gain on Sale of Equipment
Accounts Receivable Increase
Inventory Decrease
Prepaid Expenses Increase
Accounts Payable Increase
Accrued Liabilities Decrease
Cash Flow Provided by Operating Activities
Cash Flow from Investing Activities
Sale of Equipment
Purchase of Land
Cash Used by Investing Activities
Cash Flow from Financing Activities
Issuance of Common Stock
Retirement of Bonds Payable
Payment of Dividends
Cash Used by Financing Activities
Net Increase in Cash
Cash at Beginning of Year
Cash at End of Year