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Condensed financial data of Pina Colada Corp. follow. Additional information: 1. New plant assets costing $79,700 were purchased for cash during the year. 2. Old
Condensed financial data of Pina Colada Corp. follow. Additional information: 1. New plant assets costing $79,700 were purchased for cash during the year. 2. Old plant assets having an original cost of $46,500 and accumulated depreciation of $36,000 were sold for $3,000 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $22,900 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with $
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