Statement of Cash Flows

The following items involve the cash flow activities of Rocky Horror Picture Co.:

1. Net income, $58,900
2. Payment of dividends, $14,700
3. Ten-year, $32,200 bonds payable were issued at face value
4. Depreciation expense, $13,600
5. Building acquired at a cost of $33,900
6. Accounts receivable decreased by $2,900
7. Accounts payable decreased by $4,600
8. Equipment acquired at a cost of $5,100
9. Inventories increased by $7,800
10. Beginning cash balance, $14,700

Required:

Prepare Rocky Horror Pictures statement of cash flows using the indirect method.

ROCKY HORROR PICTURE CO.
Statement of Cash Flows
For Year Ended December 31, Current Year
Operating Activities:
Net income	$fill in the blank 2
Adjustments for differences between net income and cash flows from operating activities:
Depreciation expense	fill in the blank 4
Decrease in accounts receivable	fill in the blank 6
Increase in inventories	fill in the blank 8
Decrease in accounts payable	fill in the blank 10
Net cash provided by operating activities		$fill in the blank 12
Investing Activities:
Payment for purchase of building	$fill in the blank 14
Payment for purchase of equipment	fill in the blank 16
Net cash used for investing activities		fill in the blank 18
Financing Activities:
Payment of dividends	$fill in the blank 20
Receipt from issuance of bonds	fill in the blank 22
Net cash provided by financing activities		fill in the blank 24
Net increase in cash		$fill in the blank 26
Cash, January 1		fill in the blank 28
Cash, December 31