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.