Statement of Cash FlowsIndirect Method

The following balances are available for Chrisman Company:

	December 31
	2017		2016
Cash	$14,900		$18,600
Accounts receivable	37,300		27,900
Inventory	29,600		49,400
Prepaid rent	16,800		11,200
Land	139,700		139,700
Plant and equipment	745,000		558,800
Accumulated depreciation	(121,100)		(55,900)
Totals	$862,200		$749,700
Accounts payable	$22,400		$18,600
Income taxes payable	5,600		9,300
Short-term notes payable	65,200		46,600
Bonds payable	140,000		186,000
Common stock	372,500		279,400
Retained earnings	256,500		209,800
Totals	$862,200		$749,700

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 $65,200. Net income was reported at $46,700.

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
Net income	$
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, 2016
Cash balance, December 31, 2017