Statement of Cash FlowsIndirect Method The following balances are available for Chrisman Company:

December 31 2017 2016

Cash $14,300 $17,900

Accounts receivable 35,800 26,800

Inventory 28,400 47,400

Prepaid rent 16,100 10,700

Land 134,100 134,100

Plant and equipment 715,000 536,300

Accumulated depreciation (116,200) (53,600)

Totals $827,500 $719,600

Accounts payable $21,500 $17,900

Income taxes payable 5,400 8,900

Short-term notes payable 62,600 44,700

Bonds payable 134,000 179,000

Common stock 357,500 268,100

Retained earnings 246,500 201,000

Totals $827,500 $719,600

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 $62,600. Net income was reported at $45,500.

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
	$fill in the blank 49bc9ef5a03ef93_2
Adjustments to reconcile net income to net cash provided by operating activities:
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	fill in the blank 49bc9ef5a03ef93_6
	fill in the blank 49bc9ef5a03ef93_8
	fill in the blank 49bc9ef5a03ef93_10
	fill in the blank 49bc9ef5a03ef93_12
	fill in the blank 49bc9ef5a03ef93_14
	$fill in the blank 49bc9ef5a03ef93_16
Cash Flows from Investing Activities
	$fill in the blank 49bc9ef5a03ef93_18
Cash Flows from Financing Activities
	$fill in the blank 49bc9ef5a03ef93_20
	fill in the blank 49bc9ef5a03ef93_22
	fill in the blank 49bc9ef5a03ef93_24
	$fill in the blank 49bc9ef5a03ef93_26
	$fill in the blank 49bc9ef5a03ef93_28
Cash balance, December 31, 2016	fill in the blank 49bc9ef5a03ef93_29
Cash balance, December 31, 2017	$fill in the blank 49bc9ef5a03ef93_30

2. Based on its statement of cash flows, Chrisman

In addition to operating activities, Chrisman generated cash