Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremante Corporation to prepare a statement of cash flows using the indirect method 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 \begin{tabular}{|l|r|} \hline \multicolumn{2}{|l|}{ Cash Flow Provided by Operating Activities } \\ \hline Cash Flow from Investing Activities \\ \hline Sale of Equipment & 0 \\ \hline Purchase of Land & 0 \\ \hline Cash Used by Investing Activities \\ \hline Cash Flow from Financing Activities \\ \hline Issuance of Common Stock & 0 \\ \hline Retirement of Bonds Payable & 0 \\ \hline Payment of Dividends & 0 \\ \hline Cash Used by Financing Activities & 0 \\ \hline Net Increase in Cash & 0 \\ \hline Cash at Beginning of Year & 0 \\ \hline Cash at End of Year & 0 \\ \hline \end{tabular}