Python Legal Services, Inc., ended 2020 with cash of $16,000. During 2021, Python earned net income of

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Python Legal Services, Inc., ended 2020 with cash of $16,000. During 2021, Python earned net income of $115,000 and had adjustments to reconcile net income to net cash provided by operations totaling $9,000 (this is a negative amount). Python paid $20,000 to purchase equipment during 2021. During 2021, the company declared and paid dividends of $15,000. Prepare Python’s statement of cash flows for the year ended December 31, 2021, complete with its proper heading.

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Financial Accounting

ISBN: 9780136899037

13th Edition

Authors: C. William Thomas, Wendy M Tietz

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