Prepare a statement of cash flows under the indirect method. Use a minus to indicate any decreases in cash or cash outflows.

Gains and Losses on the Sale of Long-Term Assets

The income statement for Dreamweaver Sports Camp follows. Assume that all revenues and expenses were for cash and that land was sold for $500. There were no other investing or financing activities during the year. The Cash balances at the beginning and end of the year were $100 and $1,220, respectively.

Dreamweaver Sports Camp Income Statement For Year Ended December 31, 20-2
Sales (all cash)		$2,130
Wages expense (all cash)		1,510
Operating income		$620
Gain on sale of land		100
Net income		$720

Prepare a statement of cash flows under the indirect method. Use a minus to indicate any decreases in cash or cash outflows.

Dreamweaver Sports Camp
Statement of Cash Flows
For Year Ended December 31, 20-2
Cash flows from operating activities:
	$
Net cash provided by operating activities		$
Investing activities:
		$
Cash, January 1, 20-2
Cash, December 31, 20-2		$