Exercise 12-5 Your answer is partially correct. Try again. The following information is available for Bonita Industries for the year ended December 31, 2017 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds 45,855 3,770 165,078 8,356 11,209 289,498 35,665 12,228 4,789 294,491 26,494 203,800 Prepare a statement of cash flows 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).) Bonita Industries Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash Flows from Operating Activities Net Income 289,498