Flint Inc., a greeting card company, had the following statements prepared as of December 31,2020....
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Flint Inc., a greeting card company, had the following statements prepared as of December 31,2020. Additional information: 1. Dividends in the amount of $6,000 were declared and paid during 2020 . 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,000 and was 70% depreciated was sold during 2020 . 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 parenthesise.g. (15,000)
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