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2 6 . The following are partial comparative balance sheets for Wells Fargo Company. Wells Fargo Company Balance Sheets as of December 3 1 Assets
The following are partial comparative balance sheets for Wells Fargo Company. Wells Fargo Company Balance Sheets as of December Assets Inventory Equipment Accumulated depreciation Longterm investments Accounts payable $ $ Bonds payable Common stock, $ par Paidin capital in excess of par Retained earnings Information relating to activities: Net income for was $ Cash dividends of $ were paid in Equipment costing $ and having a book value of $ was sold for $ in A longterm investment was sold in for $ shares of common stock were issued in for $ a share. Required: Prepare a statement of cash flows for using the indirect method for operating activities. Make sure to prepare all activities operating investing, and financing
The following are partial comparative balance sheets for Wells Fargo Company.
Wells Fargo Company
Balance Sheets
as of December
Assets
Inventory
Equipment
Accumulated depreciation
Longterm investments
Accounts payable $ $
Bonds payable
Common stock, $ par
Paidin capital in excess of par
Retained earnings
Information relating to activities:
Net income for was $
Cash dividends of $ were paid in
Equipment costing $ and having a book value of $ was sold for $ in
A longterm investment was sold in for $
shares of common stock were issued in for $ a share.
Required:
Prepare a statement of cash flows for using the indirect method for operating activities. Make sure to prepare all activities operating investing, and financing
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