Use the Assessment 3, Part 2 Template to determine the appropriate activity (operating, investing, or financing) for each transaction listed for Skylar Enterprises, Inc., and prepare the cash flow statement using the indirect method in good form for reporting. Data is provided in the Information worksheet in the template; complete the statement of cash flow in the Cash Flow Statement worksheet.

Skylar Enterprises, Inc. Comparative Balance Sheets
Assets		12/31/12		1/1/12		Difference
Cash		$73,000		$22,000		$51,000
Accounts receivable		$85,000		$76,000		$9,000
Inventory		$170,000		$189,000		$19,000
Land		$75,000		$100,000		$25,000
Equipment		$260,000		$200,000		$60,000
Accum. Depreciation - Equipment		-$66,000		-$32,000		$34,000
Total		$597,000		$555,000
Liabilities and Equities
Accounts payable		$39,000		$47,000		$8,000
Bonds payable		$150,000		$200,000		$50,000
Common stock		$216,000		$174,000		$42,000
Retained earnings		$192,000		$134,000		$58,000
Total		$597,000		$555,000
Additional Information: 1. Net income for 2012 was $103,000. 2. Cash dividends of $45,000 were paid. 3. Bonds payable amounting to $55,000 were redeemed. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2012. 6. Land was sold at cost during 2012.

Create the Cashflow Statement Below:

Cash Flow Operating Activities:

Cash Flow From Investing Activities:

Cash Flow From Financing Activities: