Additional information:

During fiscal Year 8, Hoskins Corporation acquired new equipment for $3,600 in cash. In addition, the company disposed of used equipment that had original cost of $3,900 and accumulated depreciation of $2,100, receiving $1,800 in cash from the buyer.

1. During fiscal Year 8, Hoskins Corporation arranged short-term bank financing and borrowed $4,500, using a portion of the cash to repay all of its outstanding long-term debt.
2. During fiscal Year 8, Hoskins Corporation engaged in no transactions involving its common stock, although it did declare and pay in cash a common stock dividend of $750.

REQUIRED

Using the spreadsheet approach from the chapter appendix, prepare a statement of cash flows (all three sections) for Hoskins Corporation's fiscal Year 8, using the indirect method for the cash from operations section.

A Preparing a Statement of Cash Flows (Indirect Method) The following financial statements were issued by Hoskins Corporation for the fiscal year ended nesemher 31 Vear 8 All amounts are in millions of U.S, dollars. Additional information: 1. During fiscal Year 8 , Hoskins Corporation acquired new equipment for $3,600 in cash. In addition, the company disposed of used equipment that had original cost of $3,900 and accumulated depreciation of $2,100, receiving $1,800 in cash from the buyer. 2. During fiscal Year 8 , Hoskins Corporation arranged short-term bank financing and borrowed $4,500, using a portion of the cash to repay all of its outstanding long-term debt. 3. During fiscal Year 8 , Hoskins Corporation engaged in no transactions involving its common stock, although it did declare and pay in cash a common stock dividend of $750. REQUIRED Using the spreadsheet approach from the chapter appendix, prepare a statement of cash flows (all three sections) for Hoskins Corporation's fiscal Year 8, using the indirect method for the cash from operations