$\backslash$table$[[$RANGLER PAPER COMPANY$],[$Statement of Cash Flows$],[$Year Ended $31$ December $20$X$5],[($in $\text{'}000\text{'}$s$)],[$Net cash inflows $($outflows$)$ from operating activities:$],[$Net earnings,$$,99,000\mathrm{.}0\backslash$times $,],[$Adjustments$],[$Depreciation$,24,000\mathrm{.}0\backslash$times $,],[$Net increase in working capital,$6,600\mathrm{.}0\backslash$times $,],[$Net cash inflow $($outflow$)$ from operating activities,,$$129,600\mathrm{.}0],[$Cash inflows $($outflows$)$ from investing activities:$],[$Cash invested in restricted construction fund,$(64,000\mathrm{.}0)\backslash$times $,],[$Disposal of operational asset for cash,$12,800\mathrm{.}0\backslash$times $,],[$Net cash inflow $($outflow$)$ from investing activities,,$(51,200\mathrm{.}0)],[$Cash inflows $($outflows$)$ from financing activities:$],[$Borrowed on long$-$term note,$29,000\backslash$times $,],[$Payment of bonds payable,$(101,000\mathrm{.}0)$x$,],[$Paid cash dividend,$(18,000\mathrm{.}0)\backslash$times $,],[$Net cash inflow $($outflow$)$ from financing activities,,$(90,000)],[$Net increase $($decrease$)$ in cash,,$(11,600\mathrm{.}0)\backslash$times $],[$Beginning cash balance, $1$ January $20\backslash$times $5,,66,000\mathrm{.}0\backslash$times $],[$Ending cash balance, $31$ December $20\backslash$times $5,,$$$,54,400$x$]]$

$*$Red text indicates no response was expected in a cell or a formula$-$based calculation is incorrect; no points deducted. The records of Rangler Paper Co$.$ reflect the select data provided below for the reporting period ended $31$ December $205.$

Required:

Prepare the SCF using the indirect method for operating activities. Group all changes in non$-$cash working capital in operations as one

amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash

balance of $$66,000.($Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with

minus sign.$)\backslash$table$[[$RANGLER PAPER COMPANY$],[$Statement of Cash Flows$],[$Year Ended $31$ December $20$X$5],[($in $\text{'}000\text{'}$s$)],[$Net cash inflows $($outflows$)$ from operating activities:$],[$Net earnings,$$99,000\mathrm{.}0\backslash$times $,],[$Adjustments$],[$Depreciation$,24,000\mathrm{.}0\backslash$times $,],[$Net increase in working capital,$6,600\mathrm{.}0\backslash$times $,],[$Net cash inflow $($outflow$)$ from operating activities,,$$129,600\mathrm{.}0],[$Cash inflows $($outflows$)$ from investing activities:$],[$Cash invested in restricted construction fund,$(64,000\mathrm{.}0)\backslash$times $,],[$Disposal of operational asset for cash,$12,800\mathrm{.}0\backslash$times $,],[$Net cash inflow $($outflow$)$ from investing activities,,$(51,200\mathrm{.}0)],[$Cash inflows $($outflows$)$ from financing activities:$],[$Borrowed on long$-$term note,$29,000\backslash$times $,],[$Payment of bonds payable,$(101,000\mathrm{.}0)\backslash$times $,],[$Paid cash dividend,$(18,000\mathrm{.}0)\backslash$times $,],[$Net cash inflow $($outflow$)$ from financing activities,,$(90,000)],[$Net increase $($decrease$)$ in cash,,$(11,600\mathrm{.}0)\backslash$times $],[$Beginning cash balance, $1$ January $20\backslash$times $5,,66,000\mathrm{.}0\backslash$times $],[$Ending cash balance, $31$ December $20\backslash$times $5,,54,400\backslash$times $]]$

$*$Red text indicates no response was expected in a cell or a formula$-$based calculation is incorrect; no points deducted.The records of Rangler Paper Co$.$ reflect the select data provided below for the reporting period ended $31$ December $20$X$5.$

Statement of Financial Position Data

Paid cash dividend $ $18,000$

Established restricted construction cash fund $($a long$-$term investment$)$ to build a new building $64,000$

Increased inventory of merchandise $18,000$

Borrowed on a long$-$term note $29,000$

Acquired five acres of land for a future site for the company; paid in full by issuing $3,400$ shares of Rangler common shares, when the quoted market price per share was $$1551,000$

Increase in prepaid expenses $3,800$

Decrease in accounts receivable $7,800$

Payment of bonds payable in full at book value $101,000$

Increase in accounts payable $6,600$

Cash from disposal of old operational assets $($sold at book value$)12,800$

Decrease in rent receivable $3,600$

Statement of Comprehensive Income

Sales revenue $$408,000$

Rent revenue $14,000$

Cost of goods sold $(198,000)$

Depreciation expense $(24,000)$

Remaining expenses $(101,000)$

Net earnings and comprehensive income $$99,000$

Required:

Prepare the SCF using the indirect method for operating activities. Group all changes in non$-$cash working capital in operations as one amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $$66,000.($Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with minus sign.$)$