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Prepare the statement of cash flows for Altar Corporation using the indirect method for the...

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Prepare the statement of cash flows for Altar Corporation using the indirect method for the year ended December 31, 2014. Question 4 The comparative balance sheet of Southern Bell Company at March 31, 20X9, reported the following Current Assets: 31/3/20X 31/3/X9 Cash and cash equivalents $4,000 $6,200 Accounts receivable 21,700 14,900 Inventories 60,600 63,200 Current Liabilities: Accounts payable $27,600 $30,100 Accrued liabilities 11,100 10,700 Income taxes payable 4,700 8,000 Southern Bell's transactions during the year ended March 31, 20x9 included the following: Payment of cash dividend Purchase of equipment Issuance of long-term note payable to borrow cash Depreciation expense Purchase of building Net income Issuance of common stock Acquisition of land by issuing L-T Note Payable $30,000 78,700 50,000 17,300 47,000 70,000 11,000 95,000 Required: Prepare Southern Bell's statement of cash flows for the year ended March 31,20 X 9, using the indirect method

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