The following condensed financial statements are for Matadors, Inc.

Comparative Balance Sheet, December 31, 2015 and 2014
	2015	2014
Assets
Cash	$22	$16
Accounts receivable	225	245
Inventory	105	125
Prepaid general expenses	21	12
Plant assets	1,025	1,000
Accumulated depreciation plant assets	(530)	(585)
Total assets	$868	$813
Liabilities and Stockholders Equity
Accounts payable	$70	$45
Interest payable	15	12
Income taxes payable	80	77
Bonds payable	105	97
Common stock	362	354
Retained earnings	236	228
Total liabilities and stockholders equity	$868	$813

Condensed Income Statement For the Year Ended December 31, 2015
Sales		$1,450
Cost of goods sold		990
Gross profit		$460
Operating expenses:
Depreciation expense	$55
General expenses	340
Interest expense	12
Income tax expense	15	422
Net income		$38

The following information is also available for 2015:

1) Plant assets were sold for their book value of $180 during the year. The assets had an original cost of $290.

2) Cash dividends totaling $30 were paid during the year.

3) All accounts payable relate to inventory purchases

4) All purchases of plant assets were cash transactions.

Required

1) Compute cash from (for) operating activities using both the direct and indirect methods. For the direct method you will calculate the following amounts:

A) Cash received from customers,

B) Cash paid for inventory,

C) Cash paid for general expenses,

D) Cash paid for interest, and

E) Cash paid for taxes.

Operating cash flow using the direct method will be the sum of the above amounts. This will equal operating cash flow calculated using the indirect method (net income adjusted).

2) Compute cash from (for) investing activities.

3) Compute cash from (for) financing activities.

4) Use the above amounts to reconcile the beginning and ending cash balances.