Statement of Cash FlowsIndirect Method The following balances are available for Chrisman Company: December 31 2017 2016 Cash $11,000 $13,800 Accounts receivable 27,500 20,600 Inventory 21,800 36,400 Prepaid rent 12,400 8,300 Land 103,100 103,100 Plant and equipment 550,000 412,500 Accumulated depreciation (89,400) (41,300) Totals $636,400 $553,400 Accounts payable $16,500 $13,800 Income taxes payable 4,100 6,900 Short-term notes payable 48,100 34,400 Bonds payable 103,000 138,000 Common stock 275,000 206,300 Retained earnings 189,700 154,000 Totals $636,400 $553,400 Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $48,100. Net income was reported at $35,700. Required: 1. Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash. Chrisman Company Statement of Cash Flows For the Year Ended

December 31, 2017 Cash Flows from Operating Activities $- Select - Adjustments to reconcile net income to net cash provided by operating activities: - Select - - Select - - Select - - Select

- - Select - - Select - $- Select - Cash Flows from Investing Activities $- Select - Cash Flows from Financing Activities $- Select - - Select - - Select - $- Select - $- Select - Cash balance,

December 31, 2016 fill in the blank c7d45aff4fae04e_29 Cash balance, December 31, 2017 $fill in the blank c7d45aff4fae04e_30 2. Based on its statement of cash flows, Chrisman In addition to operating activities, Chrisman generated cash