The following items were gathered from Carlisle Company's general ledger:
Purchase of marketable securities......................................................$150,000
Depreciation and amortization expense.................................................. 47,200
Declaration of preferred dividends.........................................................8,000
Increase in Prepaid Assets...................................................................3,500
Loss on sale of equipment.................................................................. 2,900
Net income.................................................................................292,800
Beginning Cash balance................................................................... 23,740
Repayment of bank loan................................................................. 125,000
Payment for purchase of equipment......................................................50,750
Increase in Accounts Receivable.........................................................16,760
Stock-based compensation...............................................................180,000
Proceeds from issuing common stock....................................................25,000
Decrease in Inventory.....................................................................19,200
Decrease in Accounts Payable............................................................13,900
Ending Cash balance.....................................................................230,930
Required
Using the indirect method, construct Carlisle Company's statement of cash flows.