Prepare a Statement of Cash Flow (indirect method) by organizing the following data in proper order. For all Elements of the Cash Flow Statement indicate if the dollar value shown on the statement would be an increase or a decrease to Cash Flow.

Headings: 1. Changes in current assets and liabilities

2. Income statement items not affecting cash

3. Adjustments to reconcile net income to net cash provided by operating activities

4. Cash flows from financing activities

5. Cash flows from investing activities

6. Cash flows from operating activities

Totals or Sub Totals:

7. Net cash provided by investing activities

8. Net cash provided by operating activities

9. Net cash used in financing activities

10. Net increase in cash Elements of the Cash Flow Statement:

11. Cash balance at current year end

12. Cash balance at prior year end

13. Cash paid for dividends

14. Cash paid to retire notes

15. Cash received from issuing stock

16. Cash received from sale of plant assets

17. Decrease in accounts payable

18. Decrease in interest payable

19. Depreciation expense

20. Gain on retirement of notes

21. Increase in accounts receivable

22. Increase in income taxes payable

23. Increase in inventory

24. Increase in prepaid expenses

25. Loss on sale of plant assets

26. Net income How to format your answer: 6 26 I Or Cash Flows from operating activities Net Income Increase

22. Increase in income taxes payable 23. Increase in inventory 24. Increase in prepaid expenses 25. Loss on sale of plant assets 26. Net income How to format your answer: 26 | Cash Flows from operating activities Net Income Increase