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Net Cash Flow from Operating Activities

Hyde Company's records for 2019 provide the following information:

a.	amortization of premium on bonds payable, $500		h.	gain on sale of land, $7,800
b.	purchase of equipment, $6,000		i.	increase in prepaid assets, $600
c.	depreciation expense, $7,500		j.	declaration and payment of cash dividends,
d.	decrease in accounts receivable, $700			$1,800
e.	decrease in accounts payable, $2,700		k.	increase in wages payable, $600
f.	issuance of long-term note for cash, $4,200		l.	patent amortization expense, $1,000
g.	increase in inventories, $7,600		m.	net income, $10,200

Required:

Prepare the operating activities section of the 2019 statement of cash flows for Hyde Company using the indirect method. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.

Required: Prepare the operating activities section of the 2019 statement of cash flows for Hyde Company using the indirect method. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments. HYDE COMPANY Statement of Cash Flows (Partial) For Year Ended December 31, 2019 Operating Activities: Net income Adjustment for noncash income items: Add: Depreciation expense Add: Patent amortization expense Less: Bond premium amortization Less: Gain on sale of land Adjustments for cash flow effects from working capital items: Decrease in accounts receivable Increase in inventories Increase in prepaid assets Decrease in accounts payable Increase in wages payable Net cash provided by operating activities - 10,200 7,500 1,000 500 X -7,800 700 -7,600 -600 -2,700 600 12,100 X