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Condensed financial data of Sweet Acacia Inc. follow. 1. New plant assets costing $120,000 were purchased for cash during the year. 2. Old plant assets
Condensed financial data of Sweet Acacia Inc. follow. 1. New plant assets costing $120,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $69,000 and accumulated depreciation of $58,200 were sold for $1,800 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $31,236 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis e.g. (15,000).) SWEET ACACIA INC. Statement of Cash Flows - Indirect Method Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash $ \begin{tabular}{|} \\ \\ \\ \\ \\ \end{tabular} Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash
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