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Part I Financial Accounting using the indirect method: Required: Complete the following statement of cash flows, using the indirect POUCHIE CO. Statement of Cash Flows For the Year Ended December 31, 2016 $ 768 Cash Flows from Operating Activities: Net income ......... Add (deduct) items not affecting cash: Net cash provided (used) by operating activities..... Cash Flows from Investing Activities: la Net cash provided (used) by investing activities ......... Cash Flows from Financing Activities: Net cash provided (used) by financing activities .. Net increase (decrease) in cash for the year. ..... Cash balance, January 1, 2016...... Cash balance, December 31, 2016........... lestes & Prepare a statement of cash flows-indirect method The financial statements Problem 9.24 of Pouchie Co. included the following information for the year ended December 31, LO 10 2016 (amounts in millions): Depreciation and amore coxporse... ......... $ 520 Cash dividends declared ordre 660 Purchase of equipment 1.640 Net income ........ ... ........ 768 Beginning cash balance ...... .. ... 240 Proceeds of common stock issued .......... Proceeds from sale of building (at book value)........... Accounts receivable increase ........ 32 Ending cash balance... 80 . Inventory decrease ......... Accounts payable increase ............................ 88 296 424

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