The comparative balance sheet of Barry Company for Years $1$ and $2$ ended December $31$ appears in condensed form as follows:

Line Item Description Year $2$ Year $1$

Assets

Cash $$72,000$ $$42,500$

Accounts receivable $($net$)61,00070,200$

Inventories $121,000105,000$

Investments $-100,000$

Equipment $515,000425,000$

Accumulated depreciation$$equipment $(153,000)(175,000)$

Total assets $$616,000$ $$567,700$

Liabilities and Stockholders' Equity

Accounts payable $$59,750$ $$47,250$

Bonds payable $-75,000$

Common stock, $$20$ par $375,000325,000$

Paid$-$in capital in excess of par$$common stock $50,00025,000$

Retained earnings $131,25095,450$

Total liabilities and stockholders' equity $$616,000$ $$567,700$

Additional data for the current year are as follows:

$$ Net income, $$75,800.$

$$ Depreciation reported on income statement, $$38,000.$

$$ Fully depreciated equipment costing $$60,000$ was scrapped, no salvage, and equipment was purchased for $$150,000.$

$$ Bonds payable for $$75,000$ were retired by payment at their face amount.

$2,500$ shares of common stock were issued at $$30$ for cash.

$$ Cash dividends declared and paid, $$40,000.$

$$ Investments of $$100,000$ were sold for $$125,000.$

Prepare a statement of cash flows, using the indirect method of presenting cash flows from $($used for$)$ operating activities. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.

Barry Company

Statement of Cash Flows

For the Year Ended December $31,$ Year $2$

Line Item Description Amount Amount blank

Cash flows from $($used for$)$ operating activities:

$$-$ Select $-$

Adjustments to reconcile net income to net cash flows from $($used for$)$ operating activities: blank blank blank

$-$ Select $-$

$-$ Select $-$

Changes in current operating assets and liabilities: blank blank blank

$-$ Select $-$ blank

blank

$-$ Select $-$

$-$ Select $-$ blank

Net cash flows from operating activities $Net cash flows from operating activities

Cash flows from $($used for$)$ investing activities:

$$-$ Select $-$

$-$ Select $-$

Net cash flows used for investing activities Net cash flows used for investing activities

Cash flows from $($used for$)$ financing activities:

$$-$ Select $-$

$-$ Select $-$

$-$ Select $-$ blank

Net cash flows used for financing activities Net cash flows used for financing activities

$$-$ Select $-$

Cash balance, January $1,$ Year $2$ Cash balance, January $1,$ Year $2$

Cash balance, December $31,$ Year $2$ $Cash balance, December $31,$ Year $2$