View Policies Current Attempt in Progress The following information is available for Bonita Industries for the year ended December 31, 2017. upport $ 45,855 Beginning cash balance Accounts payable decrease 3,770 Depreciation expense 165,078 8,356 Accounts receivable increase Inventory increase 11,209 289,498 Net income 35,665 Cash received for sale of land at book value 12,228 Cash dividends paid 4,789 Income taxes payable increase 294,491 Cash used to purchase building 26,494 Cash used to purchase treasury stock 203,800 Cash received from issuing bonds Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Bonita Industries Statement of Cash Flows-Indirect Method Bonita Industries Statement of Cash Flows-Indirect Method December 31, 2017 For the Year Ended December 31, 2017 For the Quarter Ended December 31, 2017 Adjustments to reconcile net income to %24 8