URGENT!!!!!!!!!!!

Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: December 31 2017 2016 Cash Accounts receivable Inventory Prepaid rent Land Plant and equipment Accumulated depreciation Totals $13,900 34,800 27,600 15,600 130,300 695,000 (112,900) $804,300 $17,400 26,100 46,100 10,400 130,300 521,300 (52,100) $699,500 Accounts payable Income taxes payable Short-term notes payable Bonds payable Common stock $20,900 5,200 60,800 130,000 347,500 239,900 $804,300 $17,400 8,700 43,400 174,000 260,600 195,400 $699,500 Retained earnings Totals Bonds were retired during 2017 at face value, plant and equipment were acquired for cash, and common stock was issued for cash. Depreciation expense for the year was $60,800. Net income was reported at $44,500. Required: 1. Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate cash payments, cash outflows, or decreases in cash. Chrisman Company Statement of Cash Flows For the Year Ended December 31, 2017 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash provided by operating activities: Inn11) | || Cash Flows from Investing Activities Cash Flows from Financing Activities Cash balance, December 31, 2016 Cash balance, December 31, 2017 2. Based on its statement of cash flows, Chrisman In addition to operating activities, Chrisman generated cash