#5 (version a) Cash Flow O'My Corporation had the following transactions during the month: Sold office furniture for $13,000. Cost was $17,800 and accumulated depreciation was $14,400. Purchased equipment for $20,000 Paid a $15,000 note payable off. The company wrote off $25,000 of fully depreciated long term assets. The company agreed to allow the president to borrow $15,000 on a note from the corporation next month if he needed the funds. Borrowed $35,000 on a new note payable Converted a $100,000 bond payable into common stock. Each bond was worth 200 shares of $5 par with a market price of $15. Declared and paid $8,000 in cash dividends Loss for the period was $45,000 Accounts of O'My Corporation included the following: Account 1/1/11 Balance 12/31/11 Balance A/R 15,000 17,000 Inventory 13,000 9,000 Supplies 6,000 6,500 Books Receivable 4,500 5,000 Paper Products 6,000 3,000 Long Term Assets A/P 15,000 16,000 N/P (long term) 15,000 35,000 Other Long Term Liabilities Equity Items Required: compute a cash flow statement