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Current Attempt in Progress Additional data: 1. Depreciation expense was $29,750. 2. Dividends declared and paid were $34,000. 3. During the year, equipment was sold
Current Attempt in Progress Additional data: 1. Depreciation expense was $29,750. 2. Dividends declared and paid were $34,000. 3. During the year, equipment was sold for $14,450 cash. This equipment originally cost $30,600 and had accumulated depreciation of $16,150 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Prenare a statement of cash flows using the indirect method. IShow amounts that decreace cash flow with either a - sion eq. - 15,000
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