Question
Consider the following information about Krol Corporation for the year 2020: Increase in inventory $ 8,000 Increase in property plant and equipment 25,000 Amortization expense
Consider the following information about Krol Corporation for the year 2020:
Increase in inventory | $ 8,000 |
Increase in property plant and equipment | 25,000 |
Amortization expense | 3,000 |
Decrease in patent | 3,000 |
Net Income | 67,900 |
Increase in interest payable | 3,600 |
Decrease in cash | 9,700 |
Loss on early retirement of bonds | 4,240 |
Decrease in accounts receivable | 6,000 |
Sales revenue | 153,000 |
Decrease in accounts payable | 12,910 |
Depreciation expense | 16,500 |
Unrealized holding gain on AFS debt securities | 4,000 |
Interest expense | 8,000 |
Increase in prepaid rent | 5,000 |
Decrease in wages payable | 7,200 |
Prepare the operating section of the 2020 statement of cash flows for Krol Corporation using the indirect method.
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