Statement of Cash Flows

The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016:

1. Net income, $53,300
2. Payment of dividends, $15,800
3. Ten-year, $29,900 bonds payable were issued at face value
4. Depreciation expense, $19,800
5. Building acquired at a cost of $39,600
6. Accounts receivable decreased by $2,500
7. Accounts payable decreased by $4,700
8. Equipment acquired at a cost of $6,500
9. Inventories increased by $7,200
10. Beginning cash balance, $23,400

Required:

Prepare Rocky Horror Picture's statement of cash flows for 2016 using the indirect method. Use a minus sign for any negative amounts.

ROCKY HORROR PICTURE CO.
Statement of Cash Flows
For Year Ended December 31, 2016
Net Cash Flow From Operating Activities
Net income	$
Adjustments for differences between income flows and cash flows from operating activities:
Add: Depreciation expense
Add: Decrease in accounts receivable
Less: Increase in inventories
Less: Decrease in accounts payable
Net cash provided by operating activities		$
Cash Flows From Investing Activities
Payment for purchase of building	$
Payment for purchase of equipment
Net cash used for investing activities
Cash Flows From Financing Activities
Payment of dividends	$
Receipt from issuance of bonds
Net cash provided by financing activities
Net increase in cash		$
Cash, January 1, 2016
Cash, December 31, 2016