Statement of Cash FlowsIndirect Method

The following balances are available for Chrisman Company:

	December 31
	2014		2013
Cash	$9,700		$12,100
Accounts receivable	24,300		18,200
Inventory	19,300		32,200
Prepaid rent	10,900		7,300
Land	90,900		90,900
Plant and equipment	485,000		363,800
Accumulated depreciation	(78,800)		(36,400)
Totals	$561,300		$488,100
Accounts payable	$14,600		$12,100
Income taxes payable	3,600		6,100
Short-term notes payable	42,400		30,300
Bonds payable	91,000		121,000
Common stock	242,500		181,900
Retained earnings	167,200		136,700
Totals	$561,300		$488,100

Bonds were retired during 2014 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $42,400. Net income was reported at $30,500.

Required:

Hide

1. Prepare a statement of cash flows for 2014 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, 2014
Cash Flows from Operating Activities
		$
Adjustments to reconcile net income to net cash provided by operating activities:
		$
Cash Flows from Investing Activities
		$
Cash Flows from Financing Activities
		$
		$
		$
Cash balance, December 31, 2013
Cash balance, December 31, 2014		$