Answer

The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2015 are presented below. Net income for the year 2015, $76,000. Depreciation on plant assets for the year, $12,700. Sold the long-term investments for $28,000 (assume gain or loss is ordinary). Purchased machinery costing $26,500, paid cash. Purchased machinery and gave a $60,000 long-term note payable. Paid a $40,000 long-term note payable by issuing common stock. Instructions Using the format provided on the next page, prepare a statement of cash flows (using the indirect method) for 2015 for Kinder Company. It may not necessary to use all available lines