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Using the info prepare the operating activities section of the statement of cash flows for...

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Accounting

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Using the info prepare the operating activities section of the statement of cash flows for 2021 using the indirect method.

Holden Corp. began operations on January 1, 2020. Its post-closing trial balance at December 31, 2020 and 2021, is shown below along with some other information. Other information regarding Holden Corp. and its activities during 2021 : 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets worth $171,000 were purchased during the year by paying cash of $49,000 and issuing a long-term note payable for the balance. 4. Plant assets were sold during the year. Prepare the operating activities section of the statement of cash flows for 2021 using the indirect method

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