The net changes in the balance sheet accounts of Debra, Inc. for the year 2021 are shown below:
 

Account		Debit		Credit
Cash		$   127,400
Accounts receivable				$   64,800
Allowance for doubtful accounts				10,000
Inventory		197,800
Prepaid expenses		22,000
Long-term investments				145,000
Land		409,000
Buildings		662,000
Machinery		96,000
Office Equipment				27,000
Accumulated depreciation:
Buildings				24,500
Machinery				19,400
Office Equipment		13,500
Accounts payable		184,800
Accrued liabilities				70,000
Dividends payable				126,000
Premium on bonds				36,000
Bonds payable				900,000
Preferred stock ($50 par)		71,900
Common stock ($10 par)				160,000
Additional paid-in capital—common				270,700
Retained earnings		69,000
		$1,853,400		$1,853,400

 

Additional information:
1.		Net income				$151,000
2.		Cash dividends of $126,000 were declared December 15, 2021, payable January 15, 2022. A 5% stock dividend was issued March 31, 2021, when the market value was $20 per share.
3.		The long-term investments were sold for $136,500.
4.		A building and land which cost $470,000 and had a book value of $366,000 were sold for $417,000. The cost of the land, included in the cost and book value above, was $21,000.
5.		The following entry was made to record an exchange of an old machine for a new one:
		Machinery		150,000
		Accumulated Depreciation—Machinery		42,000
		Machinery				54,000
		Cash				138,000
6.		A fully depreciated copier machine which cost $27,000 was written off.
7.		Preferred stock of $71,900 par value was redeemed for $91,900.
8.		The company sold 12,300 shares of its common stock ($10 par) on June 15, 2021 for $29 a share. There were 90,000 shares outstanding on December 31, 2021.
9.		Bonds were sold at 104 on December 31, 2021.
10.		Land that was condemned had a book value of $242,000. Proceeds received totaled $102,000.

Prepare a statement of cash flows (indirect method). Ignore tax effects. 

Debra, Inc.
Statement of Cash Flows
For the Year Ended December 31, 2021
Increase (Decrease) in Cash