*Exercise 13-11 The following items were gathered from Sandhill Industries' general ledger: Sale of marketable...
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Accounting
*Exercise 13-11 The following items were gathered from Sandhill Industries' general ledger: Sale of marketable securities $13,910 Depreciation and amortization expense 24,622 Payment of cash dividends 3,043 Proceeds from disposal of equipment 919 Loss on disposal of equipment 220 26,433 Net income Beginning Cash balance 19,100 Purchase of equipment 21,772 Decrease in Accounts Receivable 1,378 Proceeds from issuing common stock 2,151 Increase in Inventory 3,625 Increase in Accounts Payable 4,940 Ending Cash balance 65,233 Using the indirect method, construct Sandhill Industries statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).) Sandhill Industries Statement of Cash Flows activities Net cash by by Net cash activities Net cash by activities
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