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Required: Prepare,...

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Accounting

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Required:
Prepare, in good form, a Statement of Cash Flows using the indirect method.
Dingel Dorf Company Income Statement For the year ended December 31, 2016 Net Sales Cost of Goods Sold Gross Profit Operating Expenses Income from Operations Other Revenue and Expenses: $950,000 600,000 $350,000 250,000 $100,000 $15,000 3,000 Gain on sale of investments Loss on disposal of equipment Total Other Revenue and Expenses Income Before Income Taxes Income Tax Expense Net Income Additional Information: During the current vear the following transactions occurred A. Equipment that cost $10,000 and was 60% depreciated was sold and cash was received. B. Cash dividends were declared and paid. C.Common Stock was issued in exchange for Land. D. Investments that cost $35,000 were sold. 12,000 $112,000 45,000 $67,000 08/14/2017

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