Increase in accounts receivable Decrease in inventory Increase in prepaid rent Decrease in accounts payable Decrease in interest payable Increase in income tax payable Net cash flows from operating activities Cash Flows from Investing Activities: Purchase investment in bonds Proceeds from sale of land (20,900) 29,000 (5,280) (14,900) (3,900) 1,000 (104,000) 21,100 Net cash flows from investing activities Cash Flows from Financing Activities: Payment of cash dividends (24,500) Net cash flows from financing activities Cash at the beginning of the period Cash at the end of the period Note: Noncash Activities $ 161,520 (82,900) (24,500) 136,220 $ 136,220