The income statement for the year ending December 31, 20X5, included the following key amounts:

Sales $2,000,000

Cost of goods sold 1,200,000

Salaries expense 400,000

Advertising expense 150,000

Depreciation expense 30,000

Utilities expense 15,000

Interest expense 5,000

Loss on sale of land 45,000

Income tax expense 40,000

Net income 115,000

Prepare Fred Slezak's statement of cash flows for the year ending 20X5. Use the indirect approach, and include required supplemental information about cash paid for interest and taxes.

FRED SLEZAK CORPORATION
Statement of Cash Flows
For the Year Ending December 31, 20X5
Cash flows from operating activities:
			$ -
		$ -
		-
		-
		-
		-
		-
		-	-
			$ -
Cash flows from investing activities:
		$ -
			-
Cash flows from financing activities:
		$ -
		-
			-
Net increase in cash			$ -
Cash balance at January 1, 20X5			9,000
Cash balance at December 31, 20X5			$ -
	-----------------
Noncash investing/financing activities:
			$ -
	-----------------
Supplemental information:
			$ -
			-