Use the data in Starter 17-14 to prepare Hwyn Resources Inc.'s cash flow statement for the year ended June 30, 2014. Hwyn uses the indirect method for operating activities. Use Exhibit 17-15 as a guide, but you may stop after determining the net increase (or decrease) in cash.

Data From Starter 17-14

(Starter 17–15 is an alternate.) Hwyn Resources Inc. accountants have assembled the following data for the year ended June 30, 2014.
Payment of dividends ...................... $12,000         Net income ....................................... $100,000
Cash receipt from issuance                                      Purchase of equipment ....................... 80,000
of common shares ........................... 40,000            Decrease in current liabilities ............ 10,000
Increase in current 

Payment of note payable ................ 60,000
assets other than cash .................... 60,000           Cash receipt from sale of land ......... 120,000
Repurchase of Hwyn shares ........... 10,000          Amortization expense .......................... 40,000

Prepare the operating activities section of Hwyn Resources Inc.’s cash flow statement for the year ended June 30, 2014. Hwyn uses the indirect method for operating cash flows.

Cash Flow Statement (Indirect Method for Operating Activities) EXHIBIT 17-15 CAPILANO LTD. Cash Flow Statement For the Year Ended December 31, 2014 Cash flows from operating activities (in thousands) Net income $100 Add (subtract) items that affect net income and cash flow differently: $ 43 Amortization B) Gain on sale of property, plant, and equipment, and intangible assets (19) (32) (5) Increase in accounts receivable Increase in interest receivable Decrease in inventory Increase in prepaid expenses Increase in accounts payable Decrease in salaries payable (1) 83 (6) .Decrease in accrued liabilities 68 Net cash inflow from operating activities 168 Cash flows from investing activities Acquisition of property, plant, and equipment and intangible assets Loan to another company Cash received from selling property, plant, and equipment, and intangible assets Net cash outflow from investing activities (735) (26) 149 (612) Cash flow from financing activities Cash received from issuing common shares Cash received from issuing long-term debt Payment of long-term debt Payment of dividends Net cash inflow from financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of 2014 Cash and cash equivalents at end of 2014 242 226 (27) (41) 400 (44) 101 $ 57