Visual Inspection

Noble Company's accounting records provided the following changes in account balances and other information for 2016:

		Net Changes for 2016
		Debit		Credit
Cash				$2,000
Accounts Receivable		$1,900
Inventory				2,400
Land				1,700
Buildings and Equipment		23,000
Accumulated Depreciation				4,500
Accounts Payable				1,600
Salaries Payable		600
Bonds Payable				5,000
Common Stock, no par				3,000
Retained Earnings				5,300
		$25,500		$25,500

Additional information: Net income was $9,900. Dividends were declared and paid. Land was sold for $1,700. No land was purchased. A building was purchased for $23,000. No buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for $15 per share. The beginning cash balance was $4,800.

Required:

Using visual inspection, prepare a 2016 statement of cash flows for Noble. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.

NOBLE COMPANY
Statement of Cash Flows
For Year Ended December 31, 2016
Operating Activities:
	$
Adjustment for noncash income items:
Adjustments for cash flow effects from working capital items:
		$
Investing Activities:
	$
Financing Activities:
	$
		$
		$