Below are balance sheet and income statement data for Blue Panel Corporation. (For the balance sheet data, the end-of-year information is in the left column.)

Balance Sheet

Income Statement (for 2013)

Additional information for Blue Panel Corporation is as follows:
(a) Property, plant, and equipment with an original historical cost of $2,100 was sold during 2013.
(b) All accounts payable relate to inventory purchases.
(c) The "Other long-term liabilities" item is Blue Panel's pension liability. Pension expense is reported as part of selling and administrative expenses.
(d) During 2013, Blue Panel issued shares of common stock to an investor in exchange for property, plant, and equipment valued at $800.
(e) The accumulated other comprehensive income relates solely to the available-for-sale investment securities.
Instructions:
Prepare a complete statement of cash flows for 2013 for Blue Panel Corporation. Use the direct method for reporting cash flows from operating activities?

2013 8,261 1,506 250 1,365 6,000 5158 224 Cash NJ0 2,200 7,200 4,874 208 Accounts receivable Inventory Prepaid selling and administrative expenses Retained earnings (deficit) Accumulated depreciation Accounts payable Unearned revenue 8,768 2,042) 200 2,780 370 110 78 450 170 54 2012 Other long-term liabilities. $ 490 185 8,400 9,816 0 500 12,00 7,952 50 375 ntangible assets Sales Cost of goods sold. Loss on sale of property, plant, and equipment Selling and administrative expenses Amortization expense Depreciation expense Income tax expense $57,860 8) 6,550 125 2,355 2,400 ,110 $13,750 Net income