The following are Adair Company's December 31, 2012, post-closing trial balance and the December 31, 2013, adjusted trial balance:

A review of the accounting records reveals the following additional information for 2013:
€¢ Investments in bonds to be held to maturity were purchased at year-end for $8,600.
€¢ A building was purchased for $28,000.
€¢ A note payable was issued for $9,000.
€¢ Common stock was issued for $14,500.
€¢ Dividends of $6,500 were declared and paid.
Required:
1. Using the direct method for operating cash flows, prepare a spreadsheet to support the 2013 statement of cash flows for Adair.
2. Prepare the statement of cash flows. (A separate schedule reconciling net income to cash provided by operating activities is not necessary.)

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12/31/12 Post Closing Trial Balance 12/31/13 Adjusted Trial Balance Accounts Debit Credit Debit Credit Cash Accounts Receivable Inventory Investments in Bonds Property and Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable Common Stock, no par Retained Eamings Sales Cost of Goods Sold Depreciation Salaries Expense Other Operating Expenses Interest Revenue Interest Expense Income Tax Expense 2,700 7,300 8,100 10,000 105,300 6,200 9,900 18,600 133,300 49,200 8,500 700 300 9,000 58,100 31,500 89,000 42,400 8,100 1,300 0 43,600 38,000 48,800 6,800 12,000 1,700 Expense 1,200 900 6,000 Totals 133,400 247,500 247,500