Statement of Cash Flows

The following is a list of items for Witts Company's 2013 statement of cash flows:

a.receipt from sale of equipment, $2,700

b.increase in inventory, $3,900

c.net income, $13,500

d.payment for purchase of building, $29,000

e.depreciation expense, $8,700

f.receipt from issuance of bonds, $8,000

g.Increase in prepaid expenses, $800

h.loss on sale of equipment, $2,200

i.payment of dividends, $5,200

j.decrease in accounts receivable, $1,700

k.issuance of common stock for land, $6,900

l.decrease in accounts payable, $1,500

m.beginning cash balance, $10,200

1. Prepare the statement of cash flows using the indirect method. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments. WITTS COMPANY Statement of Cash Flows For Year Ended December 31, 2013 Operating Activities Adjustment for noncash income items: Adjustments for cash flow effects from working capital items: Investing Activities: Financing Activities: Cash, January 1, 2013 Cash, December 31, 2013