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Additional information from the accounting records a. During 2024, equipment with a cost of $950,000 (35% depreciated) was sold for $380,000. b. The Statement of
Additional information from the accounting records a. During 2024, equipment with a cost of $950,000 (35\% depreciated) was sold for $380,000. b. The Statement of Shareholders' Equity reveals reductions of $681,000 and $440,000 for stock dividends and cash dividends, respectively. c. Net income for the year was $3.273.474. d. Land was sold for $105,000. e. On May 1, 2024, the company issued 10 year, $300,000,00. 63s bonds at a market rate of 10%. The issuing price of the bond was $262.613.37. Interest on the bonds is paid semi-annually on Oct 31 and Aprili 30 of each year. Using this financial statement data, prepare a complete statement of cash flows, using the INDIRECT method
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