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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
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