The following information is available for Sunland Company for the year ended December 31, 2017. Beginning cash...
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The following information is available for Sunland Company forthe year ended December 31, 2017.
Beginning cash balance $ 46,620 Accounts payable decrease 3,833 Depreciation expense 167,832 Accounts receivable increase 8,495 Inventory increase 11,396 Net income 294,328 Cash received for sale of land at book value 36,260 Cash dividends paid 12,432 Income taxes payable increase 4,869 Cash used to purchase building 299,404 Cash used to purchase treasury stock 26,936 Cash received from issuing bonds 207,200
Prepare a statement of cash flows using the indirect method.(Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g.(15,000).)
The following information is available for Sunland Company forthe year ended December 31, 2017.
| Beginning cash balance | $ 46,620 | |
| Accounts payable decrease | 3,833 | |
| Depreciation expense | 167,832 | |
| Accounts receivable increase | 8,495 | |
| Inventory increase | 11,396 | |
| Net income | 294,328 | |
| Cash received for sale of land at book value | 36,260 | |
| Cash dividends paid | 12,432 | |
| Income taxes payable increase | 4,869 | |
| Cash used to purchase building | 299,404 | |
| Cash used to purchase treasury stock | 26,936 | |
| Cash received from issuing bonds | 207,200 |
Prepare a statement of cash flows using the indirect method.(Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g.(15,000).)
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