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Additional information: 1. Net Income for 2018 was $97,340.There were no gains or losses reported on the income statement. 2. Cash dividends of $33,730 were
Additional information: 1. Net Income for 2018 was $97,340.There were no gains or losses reported on the income statement. 2. Cash dividends of $33,730 were declared and pald. 3. Bonds payable amounting to $55,000 were redeemed for cash $55,000. The bonds were originally issued at face value (no premium or discount). 4. Common shares were issued for $41,080 cash. 5. No land was purchased during 2018 6. No equipment was disposed of during 2018 Prepare a statement of cash flows for 2018 using the Indirect method. (Show amounts that decrease cash flow with e/ther a - signe.g. -15,000 or in parenthesis e.g. (15,000).) BRAMBLE CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities Net Income 1 97340 Adjustments to reconcile net income to TNet cash used by operating activities T Depreciation expense De T 41320 Decrease in accounts receivable BRAMBLE CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities P 97340 w Net income Adjustments to reconcile net income to Net cash used by operating activities 320 Depreciation expense Decrease in accounts receivable Increase in inventory Increase in accounts receivable Net cash provided by operating activities D EL 3 M N w G e orn to coarch | L . ll Net cash provided by operating activities III | lllll lllll LJIL Cash flows from investing activities Net cash used by Investing activities TCash flows from financing activities Cash flows from financing activities Net cash used by financing activities Question Atte
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