Statement of Cash FlowsIndirect Method

The following balances are available for Chrisman Company:

	December 31
	2017		2016
Cash	$6,100		$7,600
Accounts receivable	15,300		11,400
Inventory	12,100		20,200
Prepaid rent	6,900		4,600
Land	57,200		57,200
Plant and equipment	305,000		228,800
Accumulated depreciation	(49,600)		(22,900)
Totals	$353,000		$306,900
Accounts payable	$9,200		$7,600
Income taxes payable	2,300		3,800
Short-term notes payable	26,700		19,100
Bonds payable	57,000		76,000
Common stock	152,500		114,400
Retained earnings	105,300		86,000
Totals	$353,000		$306,900

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 $26,700. Net income was reported at $19,300.

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:
Depreciation expense
Increase in accounts receivable
Decrease in inventory
Increase in prepaid rent
Increase in accounts payable
Decrease in income taxes payable
Net cash provided by operating activities	$
Cash Flows from Investing Activities
Acquisition of plant and equipment	$
Cash Flows from Financing Activities
Retirement of bonds payable	$
Issuance of short-term notes payable
Issuance of common stock
Net cash provided by financing activities	$
Net decrease in cash	$
Cash balance, December 31, 2016
Cash balance, December 31, 2017	$