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  1. business
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  3. the following is a comparative statement of financ

The following is a comparative statement of financial position and income statement for Monty Corporation:...

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Accounting

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The following is a comparative statement of financial position and income statement for Monty Corporation: $1,632,400$1,592,800 Liabilities and Shareholders' Equity Accounts payable $81,40023,100$90,20015,400 Income tax payable Bonds payable 990.0001,045.000 Common shares 220,000154,000 Retained earnings \begin{tabular}{rr} $1,632,400317,900 & $1,592,800 \\ \hline \end{tabular} ADDITIONAL INFORMATION: - Depreciation expense is included in operating expenses. - During the year, equipment that originally cost $110,000 was sold for cash. The equipment was 60% depreciated at the time, of the sale. - Long-term investments were purchased for cash during the year. Prepare a statement of cash flows for Monty Corporation using the indirect method. (Show amounts that decrease cash flow with either o - signeg. 15,000 or in parenthesis eg (15,000))

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