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Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows: Net income for the year
Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows: Net income for the year was $30,000. Dividends of $10,000 were declared and paid Stylish's only noncash expense was depreciation, which totaled $50,000 The company purchased plant assets for $70,000. Notes payable in the amount of S40,000 were issued during the year for cash. Merchandise inventory increased $30,000. Accounts payable decreased $10,000
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