Andell Company's 2013 statement of cash flows, as developed by its bookkeeper, is shown here:

You determine that the amounts of the items listed on the statement are correct, but in certain circumstances, incorrectly classified.
Required:
Prepare a corrected 2013 statement of cash flows for Andell.

Transcribed Image Text:

Cash Flows Statement December 31, 2013 Inflows of Cash Operating Activities $10,600 4,400 4,300 (6,000) Net income Add: Proceeds from sale of equipment Proceeds from issuance of stock Less: Payment for investment in bonds Payment of long-term note Net cash inflows from operations $ 8,300 Other Inflows $2,100 4,800 Decrease in accounts receivable Depreciation expense Total other inflows of cash Total inflows of cash 6,900 $ 15,200 Outflows of Cash Payment for purchase of land Decrease in accounts payable Payment of dividends Gain on sale of equipment $(5,200) (2,800) (3,000) (700) Total outflows of cash Net increase in cash Cash, December 31, 2013 Cash, January 1, 2013 11,700 $ 8,200