Beginning

Strong Corporation's comparative balance sheets are presented below.

Additional information:

1. Dividends declared and paid were $26,400.

2. Equipment, which cost $10,000 originally and had accumulated depreciation of $1,200, was sold for $4,300 (the proceeds).

INSTRUCTIONS:

Prepare a statement of cash flows for 2017 using the indirect method and the template on the next page.

Strong Corporation Statement of Cash Flows For the Period Ended December 31st
Cash flows from operating activities:
Net income		$
Adjustments to reconcile net income:
Depreciation expense
Loss on sale of equipment
Increase in accounts payable	$
Increase in accounts receivable	$	$
Net cash provided (used) by operating activities		$
Cash flows from investing activities:
Proceeds from sale of equipment	$
Purchase of investments	$
Net cash provided (used) by investing activities		$
Cash flows from financing activities:
Issuance of common stock	$
Retirement of bonds	$
Payment of dividends	$
Net cash provided (used) by financing activities		$
Net increase in cash		$
Cash, beginning		$
Cash, ending		$