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Use the following information about Lund Corporation for the month of August to prepare a statement of cash flows for August under the indirect method. Accounts payable increase $10,800 Accounts receivable increase 4,800 Accrued liabilities decrease 3,600 Amortization expense 7,200 Cash balance, beginning of August 26,400 Cash balance, end of August 18,000 Cash paid as dividends 34,800 Cash paid to purchase land 108,000 Cash paid to retire bonds payable at par 72,000 Cash received from issuance of common stock 42,000 Cash received from sale of equipment 20,400 Depreciation expense 34,800 Gain on sale of equipment 4,800 Inventory decrease 15,600 Net income 91,200 Prepaid expenses increase 2,400 Note: Use negative signs with your answers to indicate a decrease in cash (use of cash). LUND CORPORATION Statement of Cash Flows For the Month of August Operating Activities 0 Add(Deduct) Items to Convert Income to Cash Basis Depreciation 0 Amortization $ 0 0 0 0 0 0 Accounts Receivable Increase Inventory Decrease Prepaid Expenses Increase Accounts Payable Increase Accrued Liabilities Decrease Net Cash Provided by Operating Activities Investing Activities 0 0 0 Investing Activities 0 0 Purchase of Land Net Cash Used by Investing Activities Financing Activities O 0 0 0 0 Retirement of Bonds Payable Payment of Dividends Net Cash Used by Financing Activities Net change in cash Cash at Beginning of Year Cash at End of Year 0 0 $ 0 Please answer all parts of the

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