Current Attempt in Progress

The current assets and liabilities sections of the comparative balance sheet of Crane Inc., a private company reporting under ASPE, at October 31 are presented below, along with the income statement:

CRANE INC. Comparative Balance Sheet Accounts
		2021		2020
Cash		$58,410		$61,950
Accounts receivable		37,760		24,190
Inventory		19,175		27,140
Prepaid expenses		4,425		3,422
Accounts payable		25,370		21,240
Accrued expenses payable		2,950		4,720
Dividends payable		14,160		10,030
Income taxes payable		4,012		6,962

CRANE INC. Income Statement Year Ended October 31, 2021
Sales					$368,750
Cost of goods sold					230,100
Gross profit					138,650
Operating expenses		$51,920
Depreciation expense		13,570
Loss on sale of equipment		4,720			70,210
Profit before income taxes					68,440
Income taxes					17,110
Profit					$51,330

Prepare the operating activities section of the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

CRANE INC. Cash Flow Statement (Partial) Year Ended October 31, 2021October 31, 2021Month Ended October 31, 2021
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities
Increase in InventoryDecrease in Income Taxes PayableIncrease in Accounts PayableDepreciation ExpenseIncrease in Accounts ReceivableDecrease in Accrued Expenses PayablePayments to SuppliersCollections from CustomersIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Income Taxes PayableGain on Sale of EquipmentLoss on Sale of EquipmentIncrease in Accrued Expenses PayableDecrease in Accounts ReceivableDecrease in InventoryPayments for TaxesPayments for Operating ExpensesProfit		$
Adjustments to reconcile profit to
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities
Increase in Income Taxes PayableCollections from CustomersDecrease in Accounts PayablePayments to SuppliersIncrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDecrease in Prepaid ExpensesIncrease in Accounts ReceivableDecrease in Accounts ReceivableProfitDecrease in InventoryLoss on Sale of EquipmentDecrease in Accrued Expenses PayableIncrease in InventoryIncrease in Accounts PayableDepreciation ExpensePayments for TaxesDecrease in Income Taxes PayablePayments for Operating ExpensesGain on Sale of Equipment	$
Gain on Sale of EquipmentLoss on Sale of EquipmentIncrease in Accounts ReceivableProfitIncrease in Prepaid ExpensesDecrease in Accounts ReceivableDecrease in Income Taxes PayableIncrease in Accounts PayableDecrease in Accrued Expenses PayableDecrease in Prepaid ExpensesDepreciation ExpensePayments for TaxesIncrease in Income Taxes PayableIncrease in Accrued Expenses PayablePayments to SuppliersCollections from CustomersPayments for Operating ExpensesIncrease in InventoryDecrease in InventoryDecrease in Accounts Payable
Payments for Operating ExpensesIncrease in Accrued Expenses PayableDepreciation ExpenseGain on Sale of EquipmentLoss on Sale of EquipmentProfitPayments to SuppliersIncrease in InventoryCollections from CustomersDecrease in Accounts ReceivablePayments for TaxesDecrease in Income Taxes PayableDecrease in InventoryIncrease in Prepaid ExpensesDecrease in Accounts PayableIncrease in Accounts ReceivableIncrease in Accounts PayableDecrease in Accrued Expenses PayableIncrease in Income Taxes PayableDecrease in Prepaid Expenses
Payments for Operating ExpensesIncrease in InventoryCollections from CustomersDecrease in Prepaid ExpensesIncrease in Income Taxes PayableDecrease in Accrued Expenses PayableIncrease in Prepaid ExpensesDepreciation ExpenseIncrease in Accounts ReceivablePayments to SuppliersIncrease in Accounts PayablePayments for TaxesDecrease in InventoryDecrease in Accounts ReceivableLoss on Sale of EquipmentDecrease in Income Taxes PayableGain on Sale of EquipmentDecrease in Accounts PayableIncrease in Accrued Expenses PayableProfit
Increase in Prepaid ExpensesDecrease in Prepaid ExpensesIncrease in Accounts PayableDecrease in Accounts ReceivableDepreciation ExpenseDecrease in Accounts PayableDecrease in Accrued Expenses PayableIncrease in Accounts ReceivablePayments for TaxesGain on Sale of EquipmentIncrease in InventoryIncrease in Accrued Expenses PayablePayments for Operating ExpensesCollections from CustomersPayments to SuppliersIncrease in Income Taxes PayableDecrease in InventoryDecrease in Income Taxes PayableProfitLoss on Sale of Equipment
Loss on Sale of EquipmentIncrease in Accrued Expenses PayableDecrease in Income Taxes PayableDecrease in Prepaid ExpensesIncrease in Accounts PayableDecrease in Accounts PayablePayments for TaxesGain on Sale of EquipmentPayments for Operating ExpensesDecrease in Accounts ReceivablePayments to SuppliersDepreciation ExpenseDecrease in Accrued Expenses PayableDecrease in InventoryIncrease in Income Taxes PayableIncrease in InventoryProfitCollections from CustomersIncrease in Prepaid ExpensesIncrease in Accounts Receivable
Collections from CustomersDecrease in Accounts PayableIncrease in Accounts PayablePayments to SuppliersLoss on Sale of EquipmentDecrease in InventoryIncrease in Prepaid ExpensesIncrease in Accounts ReceivableIncrease in InventoryDecrease in Accounts ReceivableIncrease in Accrued Expenses PayableDecrease in Accrued Expenses PayableGain on Sale of EquipmentPayments for TaxesProfitDecrease in Prepaid ExpensesDecrease in Income Taxes PayableDepreciation ExpenseIncrease in Income Taxes PayablePayments for Operating Expenses
Payments to SuppliersDepreciation ExpenseIncrease in Prepaid ExpensesDecrease in Accounts ReceivableGain on Sale of EquipmentIncrease in Accounts PayableIncrease in Income Taxes PayableLoss on Sale of EquipmentIncrease in InventoryIncrease in Accounts ReceivablePayments for Operating ExpensesPayments for TaxesDecrease in Prepaid ExpensesProfitDecrease in Accounts PayableDecrease in InventoryCollections from CustomersDecrease in Income Taxes PayableIncrease in Accrued Expenses PayableDecrease in Accrued Expenses Payable
Cash at Beginning of PeriodCash at End of PeriodFinancing ActivitiesInvesting ActivitiesOperating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Decrease in CashNet Increase in CashNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating Activities		$