The Chicanery Company is preparing the statement of Cash flows using the indirect method.
Below are the comparative Balance Sheets and additional information.
Balance Sheet
Cash
Account Receivable
Merchandise Inventory
Equipment
Land
Accumulated Depreciation
Total Assets
Accounts Payable
Salaries Payable
Unearned Income
LongTerm Notes Payable
Common Stock
Retained Earnings
Total Liabilities & Equity
Net Income is $; calculate the cash dividends paid
Depreciation Expense is $
The company purchased Land for $ with a Longterm Note Payable
The company used a LongTerm Note Payable to purchase Land for $
The company repaid LongTerm Notes Payable in the amount of $
Prepare the Statement of Cash Flows for using the Indirect Method
