Statement of Cash Flows

Zowine Company's condensed income statement for the year ended December 31, 20-2, is shown.

Net sales	$766,000
Cost of goods sold	551,000
Gross profit	$215,000
Operating expenses	33,000
Income before taxes	$182,000
Income tax expense	54,600
Net income	$127,400

Additional information obtained from Zowine's comparative balance sheets as of December 31, 20-2 and 20-1, is shown.

	20-2		20-1
Cash		$80,400		$22,000
Accounts receivable		70,000		103,000
Merchandise inventory		86,000		128,000
Accounts payable		48,000		80,000

The following additional information was obtained from Zowine's financial statements and auxiliary records for the year ended December 31, 20-2 is shown.

Acquired a new warehouse	$120,000
Bought new warehouse equipment	80,000
Issued a note to the bank	43,000
Issued additional common stock:
Par value	52,000
Paid-in capital in excess of par	22,000
Declared and paid cash dividends	29,000

Required:

Prepare a statement of cash flows for Zowine for the year ended December 31, 20-2.

Zowine Company
Statement of Cash Flows
For Year Ended December 31, 20-2
Cash flows from operating activities:
	$fill in the blank 2
Adjustments for changes in current assets and liabilities related to operating activities:
	fill in the blank 4
	fill in the blank 6
	fill in the blank 8
Net cash provided by operating activities		$fill in the blank 9
Cash flows from investing activities:
	$fill in the blank 11
	fill in the blank 13
Total cash used by investing activities		fill in the blank 14
Cash flows from financing activities:
	$fill in the blank 16
	fill in the blank 18
	fill in the blank 20
Net cash provided by financing activities		fill in the blank 21
		$fill in the blank 23
Cash, January 1, 20-2		fill in the blank 24
Cash, December 31, 20-2		$fill in the blank 25