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 289498 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 165078 Increase in Accounts Receivable Increase in Inventory 11209 Increase in Income Taxes Payable 4789 Decrease in Accounts Payable 3770 193202 Net Cash Provided by Operating Activities 436030 Cash Flows from Investing Activities Decrease in Accounts Payable 3770 193202 Net Cash Provided by Operating Activities 436030 Cash Flows from Investing Activities Sale of Land 35665 Purchase of Building 294491 Net Cash used by Investing Activities 258826 Cash Flows from Financing Activities Issuance of Bonds 203800 Payment of Dividend 12228 Purchase of Treasury Stock 26494 Net Cash Provided by Financing Activities 165078 Net Increase in Cash 342282 Cash at Beginning of Period 45855 388137 Cash at End of Period Click if you would like to Show Work for this question: QRen Show Work