The following information was collected from the most recent Income Statement and comparative Balance Sheet of Dolor Corporation:
|
Increase in cash |
$36,000 |
|
Decrease in accounts receivable |
$17,000 |
|
Increase in merchandise inventory |
$44,000 |
|
Decrease in prepaid rent |
$3,000 |
|
Increase in equipment |
$56,000 |
|
Increase in accumulated depreciation |
$18,000 |
|
Decrease in accounts payable |
$25,000 |
|
Increase in salaries payable |
$2,000 |
|
Increase in interest payable |
$1,000 |
|
Decrease in deferred income taxes |
$4,000 |
|
Increase in notes payable |
$12,000 |
Dolor”s net income for the year was $167,000. No direct exchange transactions occurred at Dolor during the year. No equipment was sold during the year. Cash dividends of $30,000 were declared and paid during the year. Dolor uses the indirect method to prepare its statement of cash flows.
Required:
Prepare Dolor”s operating activities section of its statement of cash flows.