Problem 10-30 Page 29330. The Nine Muses Inc.Statement

Problem 10-30 Page 29330. The Nine Muses Inc.Statement of Cash FlowsFor the Year Ended December 31 2009(in thousands)Operating Activities:Net income-22214Depreciation expense-8275Gain on disposal of long-term assets-415Increase in miscellaneous current assetsIncrease in accounts payable-6590Increase in accrued salaries-4072Increase in inventories-7320Increase in income taxes payable-5608Net cash inflow from operating activitiesInvesting Activities:Purchase of PPEPurchase of long-term investments-29930Proceeds from sale of PPE-2468Proceeds from sale of long-term investment-14077 Net cash outflow from investing activities Financing Activities:Issue common stock-10000 Reductions of long-term debt-572Issue long-term notes-126Net cash flow from financing activitiesNet cash flowCash & cash equivalents 1/1-21750 21750Cash & cash equivalents 12/31$23455Prepare a statement of cash flow using the indirect method. The acquisition of property and equipment is 31083. What is the net increase in cash and equivalents and the cash and cash equivalents end of year
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