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e comparative balance sheet of Orange Angel Enterprises Inc. at December 31,20Y and 20Y7, is as follows: Iditional data obtained from the income statement and
e comparative balance sheet of Orange Angel Enterprises Inc. at December 31,20Y and 20Y7, is as follows: Iditional data obtained from the income statement and from an examination of the accounts in the ledger for 208 are as follows: Net income, $110,900 Depreciation reported on the income statement, $26,730. . Equipment was purchased at a cost of $52,580, and fully depreciated equipment costing $14,220 was discarded, with no salvage realized. d. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. e, 5,000 thares of common stock were issued at $16 for cash. f. Cash dividends declared and paid, \$67,580. Required: Prepare a statement of cash flows, using the indirect method of presenting cash flows from (used for) operating activities. Use the minus sign to indicote caeh outflows, cash payments, decreases in cash, or any negative adjustments. Net cash flows from operating activities Cosh flows from (used for) Investing activities: Net cash flows used for investing activities Cash flows from (used for) financing activities: Net cash flows from financing activities Cosh balance, Jonuary 1, 20ve TCsh balance, December 31, 20ra
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