The following balances were gathered from Brandon Companys general ledger.

	June 30, 2014	June 30, 2015
Accounts receivable	$120,000	$132,000
Inventory	180,000	197,000
Accounts payable	43,000	54,000
Accrued liabilities	12,000	16,000
Income taxes payable	22,000	15,000
Sales	430,000
Cost of goods sold	270,000
Operating expenses (includes $15,000 depreciation)	112,000
Gain on sale of equipment	26,000
Income tax expense	17,000

Required: Using the indirect method, prepare the cash flows provided by operating activities section of Brandons statement of cash flows.

Question 3: Berry Corporation reported the following cash transactions for last year.

Issued common stock at $72 per share	$180,000
Paid dividends to stockholders at year end	60,000
Received dividends from investments in other companies	32,000
Purchased bonds issued by City of Metropolis	50,000
Borrowed money from City Bank	25,000
Made payment to City Bank on loan	4,000
Purchased office equipment	12,000
Received interest payment on City of Metropolis bonds	2,000

Required:

a. Prepare the investing section of Berrys statement of cash flows. b. Prepare the financing section of Berrys statement of cash flows.