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Presented here are the financial statements of Cullumber Company. 1. Depreciation expense was $15,400. Additionaldata:...

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Accounting

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Presented here are the financial statements of Cullumber Company. 1. Depreciation expense was $15,400. Additionaldata: 1. Depreciation expense was $15,400 2. Dividends declated and pald were $25,800 3. During the year equipment was sold for $8,600 cath Th\$s equipment cost $18,000 originally and had sccumelated depreciation of $9,400 at the time of sale. 4. Bonds were redeemed at their earrying value. 5. Common stockwas issued at par for calk (a) Prepare a statenent of cash flowi using the indirect method. IShow anounts that decrease cash flow with elther a - ignes 15,000 or in porenthesises (15,000)) Prepare a statement of cash flows using the indirect method. (Show amounts thot decrease cash flow with either a -5 ign es -15.000 or in porentheits es (15,000t)

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