Using the indirect approach, prepare a statement of cash flows for Ozark for the year ending December 31, 20X5. Comparative balance sheets for Ozark follow.

OZARK CORPORATION

Balance Sheet

December 31, 20X4 and 20X5

Assets

20X5

20X4

Cash

$ 458,700

$ 471,450

Accounts receivable

199,250

171,500

Inventories

248,600

278,800

Prepaid insurance

13,000

11,000

Land

250,000

250,000

Building and equipment

1,500,000

1,300,000

Less: Accumulated depreciation

(205,000)

(180,000)

Total assets

$ 2,464,550

$ 2,302,750

Liabilities

Accounts payable

$ 85,700

$ 93,400

Interest payable

10,500

15,000

Income taxes payable

22,000

8,000

Stockholders' equity

Common stock

710,000

700,000

Paid in capital in excess of par

990,000

900,000

Retained earnings

646,350

586,350

Total liabilities and equity

$ 2,464,550

$ 2,302,750

Cash flows from operating activities:
	Net income		$ -
	Add (deduct) noncash effects on operating income
	Depreciation expense	$ -
	Increase in accounts receivable	-
	Decrease in inventory	-
	Increase in prepaid insurance	-
	Decrease in accounts payable	-
	Decrease in interest payble	-
	Increase in income taxes payable	-	-
	Net cash provided by operating activities		$ -
Cash flows from investing activities:
	Purchase of equipment	$ -
	Net cash used by investing activities		-
Cash flows from financing activities:
	Proceeds from issuing stock	$ -
	Dividends on common	-
	Net cash provided by financing activities		-
Net decrease in cash			$ -
Cash balance at January 1, 20X5			-
Cash balance at December 31, 20X5			$ -