December 31, 2011.
Beginning cash balance $ 35,000
Accounts payable decrease 3,200
Depreciation expense 172,000
Accounts receivable increase 8,200
Inventory increase 13,000
Net income 269,100
Cash received for sale of land at book value 35,000
Cash dividends paid 12,000
Income tax payable increase 4,700
Cash used to purchase building 114,000
Cash used to purchase treasury stock 32,000
Cash received from issuing bonds 150,000
Prepare a statement of cash flows using the indirect method
I pretty much have it completed apart from the Sales of $747K . Would the sales be included in the "cash flows from operating activity" following the net income?