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A company has gathered data to be used in preparing the statement of cash flows (indirect method). Listed below, in no particular order, are items
A company has gathered data to be used in preparing the statement of cash flows (indirect method). Listed below, in no particular order, are items to be included in that statement. Purchase of equipment Increase in inventory Increase in prepaid rent Payment of dividends Depreciation expense Increase in accounts receivable Increase in accounts payable Loss on sale of land Net income Repayment of notes payable Cash received from the sale of land Issuance of common stock $ 230,000 30,000 9.500 32,000 19,000 54,000 22,000 13,000 65,000 44,000 6,500 248,000 Prepare the company's statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.) CEO CONSULTANTS Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease in cash Cash at the beginning of the period Cash at the end of the period (26,000) 104,000 78,000 $
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