Alden's net income was $34,000. No equipment was purchased and no long-term investments were sold. There was a gain of $3,000 when equipment was sold. The accumulated depreciation on the equipment that was sold was $ 2,000. Cash dividends of $20,000 were declared and paid during the year. Required: Prepare Alden's statement of cash flows using the indirect method.

Alden Corporation's most recent comparative Balance Sheet is as follows Ending Balance Beginning Balance Assets Cash Accounts receivable Inventory Long-term investments Property, plant, and equipment Les accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonda payable Common stock Ruined earnings Total boties and stockholders' equity 57.000 11.000 30.000 23 000 83,000 65.000 S4.000 Alden's net income was $34,000. No equipment was purchased and no long term Investments were sold There was again of $3,000 when equipment was sold The accumulated depreciation on the equipment that was sold was $12,000. Cash dividends of $20,000 were declared and paid during the year 312.000 2.000 24.000 9.000 100,000 $2.000 SA5.000 Required: Prepare Alden's statement of cash flows using the indirect method 59.000 1.000 16.000 42.000 29.000 597.000 $26.000 2.000 10,000 30,000 15.000 RETUREN COMPLETED CASH FLOW STATEMENT (IN GOOD FORM) FOR ALDEN CORP AND MARKS CORP ON MONDAY, 03/22 FOR 5 ADDITIONAL POINTS IN 150 BUCKET