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$ Indirect Method-Preparing a Statement of Cash Flows Kidman Corp. reported the following financial...

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Accounting

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Indirect Method-Preparing a Statement of Cash Flows Kidman Corp. reported the following financial statements. Prepare the statement of cash flows for the current year ended December 31, using the indirect method to present cash flows from operating activities. - Note: Include a negative sign (-) for any amount that would be subtracted in the statement of cash flows. Statement of Cash Flows For the Current Year Ended December 31 Cash flows from operating activities Net income Adjustments: Depreciation expense Loss on sale of land Change in accounts receivable Change in merchandise inventory Change in accounts payable Net cash from operating activities Cash flows from investing activities Sale of land Purchase of equipment Net cash from investing activities Cash flows from financing activities Change in accounts payable Issuance of common stock

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