1. New plant assets costing $79,800 were purchased for cash during the...
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1. New plant assets costing $79,800 were purchased for cash during the year. 2. Old plant assets having an original cost of $47,100 and accumulated depreciation of $36,700 were sold for $2,900 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $40,300 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) 1. New plant assets costing $79,800 were purchased for cash during the year. 2. Old plant assets having an original cost of $47,100 and accumulated depreciation of $36,700 were sold for $2,900 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $40,300 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).)
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