The balance sheet and income statement for Ace Company are presented below:

Ace Company Balance Sheet As at August 31
	2013	2012
Assets
Cash	$270,764	$98,350
Accounts receivable	$31,300	$34,600
Inventory	$44,100	$57,500
Total Current Assets	$346,164	$190,450
Land	$84,700	$107,300
Property, Plant & Equipment	$121,000	$134,900
Less: Accumulated depreciation	$-66,800	$-63,300
Total Assets	$485,064	$369,350
Liabilities
Accounts payable	$74,200	$67,700
Current Portion of Bank Loan	$48,800	$42,900
Total Current Liabilities	$123,000	$110,600
Long-Term Portion of Bank Loan	$121,100	$97,600
Total Liabilities	$244,100	$208,200
Stockholders' Equity
Common Stock	$89,400	$79,600
Retained earnings	$151,564	$81,550
Total Stockholders' Equity	$240,964	$161,150
Liabilities + Stockholders' Equity	$485,064	$369,350

Ace Company Income Statement For the Year Ended August 31, 2013
Sales	$390,100
COGS	$214,555
Gross Profit	$175,545
Expenses
Insurance Expense	$8,200
Salaries Expense	$10,900
Telephone Expense	$1,600
Interest Expense	$2,500
Depreciation Expense	$37,500
Loss on Sale of Equipment	$5,400
Total Expenses	$66,100
Operating Income	$109,445
Other Income
Gain on Sale of Land	$3,700
Net Income Before Tax	$113,145
Income Tax Expense	$39,601
Net Income (Loss)	$73,544

Notes: Property, Plant & Equipment and Land were purchased for amounts of $117,600 and $200,400 respectively. The company declared and paid dividends during the year. The company did not pay off any amount of the ban loan. Prepare the cash flow statement for the year using the indirect method.

Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash.

Ace Company Cash Flow Statement For the Year Ended August 31, 2013
Cash Flow from Operations
Net Income	Answer
Add: Depreciation	Answer
Add: Loss on sale of Equipment	Answer
Less: Gain on Sale of Land	Answer
Changes in assets and liabilities
Decrease in Accounts Receivable	Answer
Decrease in Inventory	Answer
Increase in Accounts Payable	Answer
Change in Cash Due to Operations		Answer
Cash Flow from Investing
Sale of Property, Plant & Equipment	Answer
Purchase of Property, Plant & Equipment	Answer
Sale of Land	Answer
Purchase of Land	Answer
Change in Cash Due to Investing		Answer
Cash Flow from Financing
Bank Loan	Answer
Dividends	Answer
Sale of Common Stock	Answer
Change in Cash Due to Financing		Answer
Total Change in Cash		Answer
Opening Cash Balance		Answer
Cash at the end of the year		Answer