1. Prepare a statement of cash flows for 2017 using the indirect method in the Operating Activities section. Use the minus sign to indicate net loss, cash payments, cash outflows, or decreases in cash.

2. Despite a net loss for the year, Astro was able to increase its cash at the end of the year

Statement of Cash Flows-Indirect Method The income statement for Nebula Company for 2017 is as follows: For the Year Fnded Other information is as follows: a. Dividends of $33,000 were declared and paid during the year. b. Operating expenses include $70,000 of depreciation. c. Land and plant and equipment were acquired for cash, and additional stock was issued for cash. Cash also was received from additional bank loans. accounts during such a terrible year of operations?" Required