Net Cash Flow From Operating Activities The following is accounting information taken from the Hyde Company’s records for 2007:
1. Amortization of premium on bonds payable, $600
2. Purchase of equipment, $6,000
3. Depreciation expense, $7,400
4. Decrease in accounts receivable, $800
5. Decrease in accounts payable, $2,800
6. Issuance of long term note for cash, $4,200
7. Increase in inventories, $7,500
8. Gain on sale of land, $8,000
9. Increase in prepaid assets, $500
10. Declaration and payment of cash dividends, $1,800
11. Increase in wages payable, $300
12. Patent amortization expense, $1,000
13. Net income, $10,800
Required
Prepare the net cash flow from operating activities section of the 2007 statement of cash flows for the Hyde Company.