The comparative balance sheet for Astro Company for the current year and the preceding year are presented below:

Current Preceding

Year Year

Assets

Cash---------------------------------------- $ 52,100 $ 42,500

Accounts receivable (net)------------------- 91,350 61,150

Inventories--------------------------------- 104,500 109,500

Prepaid expenses-------------------------------- 3,600 2,700

Land--------------------------------------- 50,000 50,000

Equipment---------------------------------- 580,000 500,000

Accumulated depreciation------------------- (212,600) (175,400)

Patents-------------------------------------- 35,000 40,000

Total Assets $703,950 $630,450

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Liabilities and Stockholders Equity

Accounts payable-------------------------- $ 61,150 $ 75,000

Dividends payable------------------------- 12,000 10,000

Salaries payable---------------------------- 6,650 7,550

Mortgage note payable, due 20x9---------- 50,000 0

Bonds payable----------------------------- 0 75,000

Common stock, $20 par------------------- 300,000 250,000

Premium on common stock----------------- 100,000 75,000

Retained earnings--------------------------- 174,150 137,900

Total Liabilities and Stockholders Equity $703,950 $630,450

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An examination of the income statement and the accounting records revealed the following additional information applicable to the current year:

1. Net income, $96,250.
2. Depreciation expense reported on the income statement $37,200.
3. Patent amortization reported on the income statement $5,000.
4. A mortgage note for $50,000 was issued for cash.
5. Equipment was purchased for $80,000 cash.
6. 2,500 shares of common stock were issued at a premium for $30 per share cash.
7. Bonds payable were retired for cash.
8. Cash dividends declared, $60,000

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REQUIRED: Using the form provided below, prepare a statement of cash flow using the indirect method.

Present your answers in the exact same format as below describing each section and sub-section.

Cash Flows From Operating Activities:

Net Income(Loss)

Items Affecting Net Income But Not Cash:

Add:

Add:

Add:

Deduct:

Current Assets & Current Liabilities:

Add: Increase in

Add: Increase in

Add: Decrease in

Add: Decrease in

Deduct: Increase in

Deduct: Increase in

Deduct: Decrease in

Deduct: Decrease in__________________________

Net Cash______(Flow or Used)From Operating Activities-----------------

Cash Flows From Investing Activities:

Add: Sale of

Add: Sale of

Deduct: Purchase of

Deduct: _Purchase of_______________________________________________

Net Cash_________(Flow or Used) From Investing Activities-----------------------------

Cash Flows from Financing Activities:

Add: Issuance of

Add: Issuance of

Add: Issuance of

Deduct: Retirement of

Deduct: Payment of

Deduct:_Payment of_______________________________________

Net Cash_________(Flow or Used) From Financing Activities-----------------------------

Net Increase (Decrease) In Cash______________